EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Quarterly / Interim Statement/9 Month figures PJSC Mosenergo: Releases 9M 2019 IFRS Results 08-Nov-2019 / 14:46 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.
RELEASE November 8, 2019 Moscow
Mosenergo Releases 9M 2019 IFRS Results
Mosenergo releases abbreviated interim unaudited consolidated financial statements (prepared in accordance with IFRS) for the 9 months ended September 30, 2019.
(1) EBITDA = Operating Profit + Depreciation and Amortization
(2) Adjusted to net charge for impairment and other provisions
Mosenergo revenue for 9M 2019 decreased by 1.9% year-on-year down to RUR 133,378 mn. The reason for the decline was lower revenue from capacity sales (-27.7%) on the back of capacity supply agreements expiry for three units, as well as lower revenue from heat sales (-2.8%), on the back of output decline, resulting from warmer weather in the reporting period, which was partly counterweighted electricity output growing by 7.3%. Operating costs in the reporting period amounted to RUR 120,895 mn, up by 2.5%, mainly on the account of fuel expenses growing by 4.3% on the back of increased electricity output. EBITDA amounted to RUR 24,281 mn (-13.8% year-on-year). Mosenergo IFRS profit for 9M 2019 decreased by 10.1%, down to RUR 12,624 mn.
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|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; London, Moscow|
|EQS News ID:||908673|
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908673 08-Nov-2019 CET/CEST