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EQS-Adhoc: Mosenergo Releases 1Q 2020 IFRS Results

eqs_en 
0 0 06.05.20
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

Tel.:

Fax:

Е-mail:

Website:

(495) 957-1-957, ext. 2282, 2290

 (495) 957-37-99

[email protected]

http://www.mosenergo.ru

 

 

06-May-2020 CET/CEST The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: PJSC Mosenergo
Vernadskogo prospect, 101 bld. 3
119526 Moscow
Russia
Phone: +7 495 957 1 957
Fax: +7 495 957 32 00
E-mail: [email protected]
Internet: www.mosenergo.ru
ISIN: US0373763087, RU0008958863
WKN: 899416
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; London, Moscow
EQS News ID: 1037259

 
End of Announcement EquityStory.RS, LLC News Service

1037259  06-May-2020 CET/CEST

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Mosenergo ADR Stock

€0.58
-27.500%
Heavy losses for Mosenergo ADR today as the stock fell by -€0.220 (-27.500%).

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