4th Apr 2014 11:57
Federal Grid Company announces 2013 IFRS results
Moscow, 4 April 2014 - Federal Grid Company of Unified Energy System ("Federal Grid" or the "Company", ticker: FEES on Moscow Exchange and LSE) , part of the Russian Grids Group of companies, the operator and manager of Russian unified electricity transmission grid system, publishes its Annual Financial Report for 2013. The document contains a comprehensive management report, responsibility statement, and audited financial statements.
The Report is available on the Company's website at www.federal-grid.com and at www.morningstar.co.uk/uk/NSM.
Enquiries: |
Analysts / investors | ||
Office | ||
Vladimir Baklanov | +7 (495) 710 9064 | |
Egor Toropov | +7 (495) 710 9333 ext. 2275 | |
Alexey Novikov | +7 (495) 710 9333 ext. 2143 | |
International media | ||
ЕМ | Office | Mobile |
Tom Blackwell | +7 (495) 363 2841 | +7 (919) 102 9064 |
Sam VanDerlip | +44 20 3709 5714 | +44 7554 993 032 |
About Federal Grid Company
Federal Grid Company is part of OJSC Russian Grids is the operator and manager of Russia's unified electricity transmission grid system. The company operates over 135.1 thousand km of transmission lines and has over 334 MVA of installed transformer capacity. Based on the length of transmission lines and transformer capacity in place, Federal Grid is the largest publicly traded electricity transmission company in the world.
Federal Grid's business is to provide electricity transmission and technological connection services.It maintains and develops the grid system and supervises grid facilities and infrastructure in75 regions of Russia, covering a territory of 14.8 million square kilometres. Its customers are regional distribution companies, electricity suppliers and large industrial enterprises. The Company is a natural monopoly with 80.13% stake controlled by Russian Grids.
Federal Grid Company was incorporated in June 2002 as part of reorganisation of Russia's electrical power industry.
Federal Grid Company's common shares are included on Moscow Exchange under the ticker FEES and the Company's GDRs are listed on the London Stock Exchange and traded under the same FEES symbol.
In 2013 the Company's IFRS consolidated revenue was RUB 157,970 million, while adjusted EBITDA was RUB 92,551 million, and adjusted profit for the period was RUB 23,405 million.
Further information can be found at www.federal-grid.com
Further information about Russian Grids can be found at www.rugrids.ru/eng
Related Shares:
FEES.L