Current Report No. 20/2017
Belongs to:
- Reports
Current Report No. 20/2017
Prepared on: 19 April 2017
Subject: Estimated financial results for Q1 2017 of ENERGA Group
Legal basis: Article 17 Section 1 of the Market Abuse Regulation – confidential information
The Management Board of ENERGA SA hereby reports preliminary estimates of selected financial and operational data for Q1 2017.
Financial and operational data for Q1 2017:
EBITDA of the Group: PLN 601 million, including:
EBITDA of the Distribution Segment: PLN 530 million,
EBITDA of the Generation Segment: PLN 104 million,
EBITDA of the Sales Segment: PLN -9 million.
Gross production of electricity: 1,023 GWh.
Distribution of electricity: 5,623 GWh.
Sales of electricity (retail): 5,094 GWh.
In Q1 2017, the Group’s gross result was affected by the valuation of Polimex-Mostostal S.A. stock options (which stock may be created if the convertible bonds currently held by TF Silesia are converted) in the amount of PLN 53 million. The valuation is based on the price of Polimex-Mostostal S.A. stock as at 31 March 2017. The said amount will be recognized in income from financial operations. The Company informed investors about the stock options in its Current Report No. 5/2017 of 18 January 2017.
The presented values are estimates and as such are subject to change.