EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Annual Results/Statement PJSC Mosenergo Releases 2020FY IFRS Results 09-March-2021 / 09:24 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.
March 9, 2021
Mosenergo Releases 2020FY IFRS Results
Mosenergo releases audited consolidated financial statements (prepared in accordance with IFRS) for the 12 months ended December 31, 2020.
(1) Calculated as «Operating Profit + Depreciation and Amortization».
PJSC «Mosenergo» and subsidiaries (Mosenergo Group) revenue for 2020FY decreased by 4.7% year-on-year, down to RUR 180,908 mn. The reason for the decrease was lower revenue from electricity (-13.5%). The operating performance decline resulted from decreased electricity consumption, as well as relatively warm weather and shorter heating period in 2020.
Operating costs for 2020FY decreased year-on-year by 3.9% down to RUR 172,235 mn.
EBITDA amounted to RUR 30,472 mn (+23.9% year-on-year) due to decreasing of net charge for impairment and other provisions in 2020.
Mosenergo Group IFRS profit for 2020FY decreased by 16.2%, down to RUR 8,045 mn.
09-March-2021 CET/CEST The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
|Vernadskogo prospect, 101 bld. 3|
|Phone:||+7 495 957 1 957|
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|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; Moscow|
|EQS News ID:||1174077|
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1174077 09-March-2021 CET/CEST