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Pin to quick picksAb Ignitis. A Regulatory News (80JT)

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Preliminary financial data of Ignitis Group

30 Mar 2021 07:00

Preliminary financial data of Ignitis Group

Preliminary financial data of Ignitis Group for 2 months of 2021

Preliminary financial data of Ignitis Group (hereinafter – the Group) for 2 months of 2021:

 February
 20212020Change
RevenueEUR 137.1 millionEUR 115.5 million18.7 %
Adjusted EBITDA*EUR 29.0 millionEUR 23.6 million22.9 %
  January - February
20212020Change
RevenueEUR 269.5 millionEUR 227.0 million18.7 %
Adjusted EBITDA*EUR 63.4 millionEUR 52.1 million21.7 %

In January – February 2021, the Group generated revenue of EUR 269.5 million, which is 18.7 % more compared to a respective period of 2020 (EUR 227.0 million). Revenue increase was driven by higher revenue of the CCGT unit of Flexible Generation segment due to higher electricity volumes generated caused by favourable market conditions. Also Group's revenue increased as a result of higher revenue from electricity sales to business customers in Customers & Solutions segment as well as higher revenue from electricity distribution due to higher distributed volumes in Networks segment. Both of these effects were mostly related to colder weather conditions compared to 2020.

The adjusted EBITDA in January – February 2021 was equal to EUR 63.4 million, i.e. 21.7 % more compared to a respective period of 2020 (EUR 52.1 million). Adjusted EBITDA results grew in all of Group’s operating segments:

Green Generation segment result increased as a result of Kaunas CHP activities as the plant was launched in August 2020;Flexible Generation segment grew due to better results from CCGT commercial activity due to favourable market conditions;Customers & Solutions segment result grew due to a successful transaction of LNG cargo sale in January by effectively exploiting price changes in the market;Networks segment grew as a result of higher distributed volumes of electricity due to colder weather conditions.

\* The Group’s preliminary (2021) and actual (2020) result of adjusted EBITDA is presented after the adjustments made by the management by eliminating the impact of one-off factors. These adjustments are intended to disclose the results of the Group’s operating activity without taking into consideration atypical, one-off factors or factors that have no direct relation with the current period of operations. All adjustments made by the management are disclosed in the Group’s interim and annual reports which are available at Group’s website (link).

For more information please contact:

Artūras Ketlerius Head of Public Relations at Ignitis Group arturas.ketlerius@ignitis.lt +370 620 76076

Date   Source Headline
1st Apr 20213:23 pmGNWRegarding the establishment of a subsidiary company in Finland
30th Mar 20217:00 amGNWPreliminary financial data of Ignitis Group
25th Mar 20212:05 pmGNWResolutions of Ordinary General Meeting
22nd Mar 20213:31 pmGNWAB “Ignitis grupė” approved the strategic objectives and their indicators of long-term incentive plan
12th Mar 20212:05 pmGNWRegarding the resolutions of AB “Ignitis grupė” Supervisory Board
8th Mar 20217:04 amGNWA selection for the position of CEO and Member of the Management Board of UAB “Ignitis” has been announced
5th Mar 20212:05 pmGNWNotice on the contract concluded by the person discharging managerial responsibilities
1st Mar 20217:00 amGNWEBITDA outlook for Pomerania Wind Farm has been released
26th Feb 20215:30 pmGNWAB Ignitis grupė will announce a tender for the provision of financial statement audit services
26th Feb 20215:19 pmGNWPreliminary financial data of Ignitis Group for 1 month of 2021
26th Feb 20212:45 pmGNW2021–2024 Strategic Plan has been approved
26th Feb 20212:40 pmGNWNotice convening the Ordinary General Meeting
26th Feb 20212:21 pmGNWIgnitis Group grew in all segments in 2020
26th Feb 20212:15 pmGNW12-month interim results
25th Feb 20217:00 amGNWKruonis PSHP expansion plan was approved
23rd Feb 20217:00 amGNWIgnitis Group to present full-year 2020 results and Strategic Plan
18th Feb 20217:45 amGNWAB “Ignitis grupė” initiated coordination process to update remuneration policy
17th Feb 20212:05 pmGNWRegarding AB “Ignitis grupė” issue of guarantee
17th Feb 202112:16 pmGNWAB “Ignitis grupė” received the Letter of Expectations
11th Feb 20212:05 pmGNWRegarding the intent to establish a subsidiary company
9th Feb 20217:01 amGNWESO, subsidiary of AB “Ignitis grupė”, established a tender ranking of the procurement of smart metering infrastructure
1st Feb 20217:00 amGNWRegarding the AB “Ignitis grupė” intention to loan
28th Jan 20217:00 amGNWPreliminary financial data of Ignitis Group for 12 months
13th Jan 20217:30 amGNWCorrection: Decision made regarding the long-term promotion of the managers
8th Jan 202112:29 pmGNWInformation regarding the long-term promotion programme
30th Dec 20203:38 pmGNWMiscellaneous
30th Dec 20202:49 pmGNWRegarding the amendment of procedure description
30th Dec 20208:15 amGNWRegarding agreement on isolated regime service
30th Dec 20207:00 amGNWPreliminary financial data
29th Dec 20201:03 pmGNWRegarding the rebuttal of information
29th Dec 20207:30 amGNWRegarding agreement on tertiary active power reserve
22nd Dec 20207:00 amGNWAB “Ignitis grupė” financial calendar 2021
18th Dec 20202:14 pmGNWRegarding the notices of concluded option agreements
18th Dec 20202:01 pmGNWRegarding the conclusion of option agreements
15th Dec 20202:08 pmGNWRegarding the dividend policy update
9th Dec 20207:00 amGNWRegarding the mandatory supply of liquefied natural gas
4th Dec 20202:01 pmGNWDecision made regarding the long-term promotion of the managers
30th Nov 20207:41 amGNWPreliminary financial data of Ignitis Group for 10 months
27th Nov 20202:56 pmGNWRegarding the loan
24th Nov 20208:55 amGNWRegarding agreement
18th Nov 20202:11 pmGNWIgnitis Group presented first nine months of 2020 results
16th Nov 20202:21 pmGNWIgnitis Group to present first nine months of 2020 results
13th Nov 20208:00 amGNWInterim report
12th Nov 20203:45 pmGNWImproved the credit rating outlook of AB Ignitis Grupė
12th Nov 20209:15 amGNWResolutions of Extraordinary General Meeting
10th Nov 20207:00 amGNWIgnitis Group to present first nine months of 2020 results
5th Nov 20202:01 pmGNWRegarding the completed process of mandatory buyout of shares
30th Oct 20202:12 pmGNWPreliminary financial data of Ignitis Group for 9 months
30th Oct 20201:10 pmGNWCorrection: Regarding court‘s decision
30th Oct 20207:34 amGNWThe General Meeting of Shareholders of AB “Ignitis grupė”

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