EQS-Adhoc: Mosenergo Releases 9m 2020 IFRS Results
EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Interim Report/9 Month figures
Mosenergo Releases 9m 2020 IFRS Results
06-Nov-2020 / 13:45 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
November 6, 2020
Moscow
Mosenergo Releases 9m 2020 IFRS Results
Mosenergo releases unaudited consolidated interim abbreviated financial statements (prepared in accordance with IFRS) for the 9 months ended September 30, 2020.
Consolidated Statement of Comprehensive Income
Key Figures, (mn RUR)
9M 2019
9M 2020
Change
Revenue
133,378
122,108
-8.4%
Operating Costs
(120,895)
(116,803)
-3.4%
EBITDA(1)
26,225
21,264
-18.9%
Depreciation and Amortization
(13,551)
(17,203)
+27.0%
Operating Profit
12,674
4,061
-68.0%
Profit for the Period
12,624
5,344
-57.7%
(1) Calculated as "Operating Profit + Depreciation and Amortization"
PJSC "Mosenergo" and subsidiaries (Mosenergo Group) revenue for 9M 2020 decreased by 8.4% year-on-year, down to RUR 122,108 mn. The reason for the decrease was lower revenue from electricity and heat sales (-16.2% and -4.5%, correspondingly). The operating performance decline resulted from unusually warm weather in 1q 2020 and decreased electricity consumption on the back of COVID-19 impact.
Operating costs for 9M 2020 decreased year-on-year by 3.4% down to RUR 116,803 mn.
EBITDA amounted to RUR 21,264 mn (-18.9% year-on-year).
Mosenergo Group IFRS profit for 9M 2020 decreased by 57.7%, down to RUR 5,344 mn.
MOSENERGO PR DEPARTMENT
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(495) 957-1-957, ext. 2282, 2290
(495) 957-37-99
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