Current Report No.: 9/2017
Current Report No.: 9/2017
Date of preparation: 13.03.2017
Short name of issuer: Enea S.A.
Subject: Information on preliminary financial results for 2016
Legal basis: Article 17 item 1 of MAR - confidential information
Content of report:
The Management Board of Enea S.A. informs that on 13 March 2017, in relation to the completion of works over the consolidated financial statements of Enea Capital Group and non-consolidated financial statements of Enea S.A., it decided to publish the preliminary financial and operating results for 2016, which are presented below.
Consolidated financial results of Enea Capital Group for 2016:
Net sales revenue: PLN 11,256 mln
EBITDA: PLN 2,328 mln
EBIT: PLN 1,119 mln
Net profit: PLN 849 mln
EBITDA in individual areas of operations:
Trade: PLN 154 mln
Distribution: PLN 1,111 mln
Generation: PLN 517 mln
Mining: PLN 612 mln *
Non-consolidated financial results of Enea S.A. for 2016:
Net sales revenue: PLN 5,421 mln
EBITDA: PLN 112 mln
EBIT: PLN 108 mln
Net profit: PLN 620 mln
Selected operating data:
Net production of coal: 9 million tonnes
Total generation of electricity: 13.6 TWh
Sales of distribution services to end users: 18.7 TWh
Sales of electricity and gaseous fuel to retail customers: 18.0 TWh
The results generated in Q4 2016 were affected by the following one-offs:
- write-down on the book value of assets in the area related to energy generation from renewable energy sources (Segment of Generation, Renewable Energy Sources, Area of Wind) - PLN 49 mln
- establishment of the provision related to the estimation of the value of shares in Eco-Power Sp. z o.o. - PLN 129 mln
- establishment of provisions for the Programme of Voluntary Redundancy being a part of the Generation Change Programme - PLN 54 mln
The final results will be published in the consolidated financial statements of Enea Capital Group and non-consolidated financial statements of Enea S.A. for 2016 whose publication is planned for 30 March 2017.
* The difference in the method of recognising EBITDA of LW Bogdanka CG ("LWB") and Enea CG`s area of mining stems from the method of recognising the amortisation and depreciation, presentation adjustments and adjustments resulting from the settlement of LWB`s takeover by Enea S.A.
