06-March-2020 / 09:35 CET/CEST
Correction 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
March6, 2020
Moscow
Mosenergo Releases2019FYIFRS Results
Mosenergo releasesauditedconsolidatedfinancial statements (prepared in accordance with IFRS) for the 12months ended December 31, 2019.
Consolidated Statement of Comprehensive IncomeKey Figures, (mn RUR)
2018
2019
Change
Revenue
198,870
189,777
-4.6%
Operating Costs
(172,437)
(179,290)
+4.0%
EBITDA(1)
41,085
21,972
-46.5%
DepreciationandAmortization
(15,177)
(15,359)
+1.2%
OperatingProfit
25,908
6,613
-74.5%
Profit for the Period
21,405
9,599
-55.2%
(1) Calculated as "Operating Profit + Depreciation and Amortization"
Mosenergorevenue for 2019FY decreasedby 4.6% year-on-year,down to RUR 189,777 mn. The reason for the decline was lower revenue from capacity sales (-24.7%) on the back of capacity supply agreements expiry for three units, as well as lower revenue from heat sales (-5.3%), resulting from warmer weather in 2019heating season. The revenue decrease was partly counterweighted by electricity output growing by 3.1%.
Operating costs increased4.0%, up to RUR 179,290mn.
EBITDAamounted to RUR 21,972mn (-46.5% year-on-year).
Mosenergo IFRS profit for 2019FYdecreasedby 55.2%, downto RUR 9,599 mn.
MOSENERGOPRDEPARTMENT
Tel.:
Fax:
?-mail:
Website:
(495) 957-1-957, ext. 2282, 2290
(495) 957-37-99
press-centre@mosenergo.ru
http://www.mosenergo.ru
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PJSC Mosenergo specializes in producing and distributing electricity. Sales break down by activity as follows:
- production and distribution of electricity (55.9%): 60,110 GWh produced in 2021. At the end of 2021, the group had 15 power plants with an installed capacity of 12,825 MW;
- production and sale of heat (42.3%);
- other (1.8%): engineering services, telecommunication services, etc.
All sales are in Russia.