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PJSC MOSENERGO EQS-Adhoc: PJSC Mosenergo: Releases 9M 2019 IFRS Results

Directive transparence : information réglementée

08/11/2019 14:46

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.


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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.

Consolidated Statement of Comprehensive Income
Key Figures, (mn RUR)
9M 2018 9M 2019
Revenue 135,988 133,378
Operating Costs (117,923) (120,895)
Operating Profit 17,019 12,674
EBITDA (1) 28,161 24,281
EBITDA, adj. (2) 29,452 24,396
Profit for the Period 14,045 12,624
 

(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.

 

 

MOSENERGO PR DEPARTMENT

Tel.:
Fax:
Е-mail:
Website:
(495) 957-1-957, ext. 2282, 2290
(495) 957-37-99
press-centre@mosenergo.ru
http://www.mosenergo.ru

08-Nov-2019 CET/CEST The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: PJSC Mosenergo
Vernadskogo prospect, 101 bld. 3
119526 Moscow
Russia
Phone: +7 495 957 1 957
Fax: +7 495 957 32 00
E-mail: mosenergo@mosenergo.ru
Internet: www.mosenergo.ru
ISIN: US0373763087, RU0008958863
WKN: 899416
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; London, Moscow
EQS News ID: 908673

 
End of Announcement EquityStory.RS, LLC News Service

908673  08-Nov-2019 CET/CEST

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