EQS-Adhoc: Mosenergo Releases 1Q 2020 IFRS Results
EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Interim Report
Mosenergo Releases 1Q 2020 IFRS Results
06-May-2020 / 12:48 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.
RELEASE
May 6, 2020
Moscow
Mosenergo Releases 1Q 2020 IFRS Results
Mosenergo releases unaudited consolidated interim abbreviated financial statements (prepared in accordance with IFRS) for the 3 months ended March 31, 2020.
Consolidated Statement of Comprehensive Income
Key Figures, (mn RUR)
3M 2019
3M 2020
Change
Revenue
67,092
59,799
-10.9%
Operating Costs(1)
(54,437)
(51,474)
-5.4%
EBITDA(2)
16,936
12,961
-23.5%
Depreciation and Amortization
(4,451)
(5,653)
+27.0%
Operating Profit
12,485
7,308
-41.5%
Profit for the Period
10,662
5,696
-46.6%
(1) Without Depreciation and Amortization
(2) Calculated as "Operating Profit + Depreciation and Amortization"
OJSC "Mosenergo" and subsidiaries revenue for 1Q 2020 decreased by 10.9% year-on-year, down to RUR 59,799 mn. The reason for the decline was lower revenue from electricity and heat sales (-14.7% and -11.2%, correspondingly), resulting from decreased operating performance and warmer weather in 2020 heating season.
Operating costs for 3M 2020 decreased year-on-year by 5.4% down to RUR 51,474 mn.
EBITDA amounted to RUR 12,961 mn (-23.5% year-on-year).
Mosenergo Group IFRS profit for 1Q 2020 decreased by 46.6%, down to RUR 5,696 mn.
MOSENERGO PR DEPARTMENT
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(495) 957-1-957, ext. 2282, 2290
(495) 957-37-99
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