Current Report No.: 23/2016
Current Report No.: 23/2016
Date of preparation: 09.08.2016
Short name of issuer: Enea S.A.
Subject: Information on preliminary financial results for H1 2016
Legal basis: Article 17 item 1 of MAR - confidential information
Content of report:
In relation to the information obtained by the Management Board of Enea S.A. (Company, Issuer) on 9 August 2016 on preliminary financial results of Enea Capital Group for the first half of 2016 (H1 2016), the Company decided to publish the financial results for the above mentioned period.
Consolidated financial results of Enea Capital Group for H1 2016:
Net sales revenue: PLN 5,599 mln
EBITDA: PLN 1,207 mln
EBIT: PLN 611 mln
Net profit: PLN 471 mln
Non-consolidated financial results of Enea S.A. for H1 2016:
Net sales revenue: PLN 2,736 mln
EBITDA: PLN 23 mln
EBIT: PLN 22 mln
Net profit: PLN 539 mln
The above mentioned results were negatively affected by e.g. a one-off event related to the establishment of a write-down of the carrying value of assets from the area dealing with energy generation from renewable sources (Segment of Generation, Renewable Energy Sources, Area of Wind). The write-down mentioned above was established in relation to the entry into force of the act of 20 May 2016 on investments within wind power plants.
Impact on the consolidated financial statements of Enea Capital Group
The test results in the Segment of Generation indicate the assets carrying value impairment that will be included in the consolidated financial statements of Enea Capital Group in the total amount of PLN 42 mln.
Impact on the non-consolidated financial statements of Enea S.A.
In the non-consolidated financial statements of Enea S.A. for H1 2016 the performed tests demonstrate the necessity of recognising asset carrying value impairment write-down in Enea Wytwarzanie Sp. z o.o. totalling to PLN 42 mln.
At the same time, the Issuer informs that the final financial results for the above mentioned period will be published in the extended consolidated semi-annual report of Enea Capital Group for H1 2016 which is to be published on 26 August 2016.
