15th Nov 2016 16:44
Electrica Group - Cumulative Results Q3 2016
including interim condensed consolidated financial statement as of and for the period ended September 30, 2016
Cumulated Q3 2016 compared to cumulated Q3 2015
- Net profit increased by 9% and EBITDA went up by 10%
- The total quantity of supplied energy increased by 6.7%, with the increase on the retail market by 6.3% and the distributed quantity is higher by 2.1%
Catalin Stancu, General Manager Electrica SA: "The results achieved by the Electrica Group in the first nine months of the year are in line with its expectations. The Group's performances should be viewed in the context that 2016 was a year of many challenges for companies in the energy sector, with energy market liberalization and the need to control costs, respectively to increase efficiency in the distribution segment."
Financial Results | Cumulated Q3 2016 (RON mn.) | Cumulated Q3 2016 (RON mn.) | Δ % |
Group net profit | 466 | 428 | +9% |
Net profit attributable to Electrica's shareholders | 368 | 327 | +13% |
EBIT | 556.7 | 497 | +12% |
Operational revenues | 4,192.3 | 4,132.5 | +1.4% |
Operational expenses | 3,635.6 | 3,635.5 | - |
EBITDA | 838 | 765 | +10% |
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http://www.rns-pdf.londonstockexchange.com/rns/2617P_-2016-11-15.pdf
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