Electrica published their H1 2021 results yesterday, showing a 2% YoY increase in sales, a -26% YoY decrease in EBITDA a net profit of RON 76.1m (-60%).

In H1 2021 Electrica posted sales in the amount of RON 3,260m which represents a 2% YoY increase. The increase came as a result of higher revenues from the supply segment in the amount of RON 192.1m, however note that those revenues were partially offset by a RON 93.5m decrease of the distribution segment’s revenues.

EBITDA fell -26% YoY, amounting to RON 357.1m. The main reason behind the drop lies in the increase of electricity costs on the supply segment, coupled with an increase in the electricity costs needed to cover NL and in the GC purchase costs, the latter having no impact on the result.

Below the operating line Electrica posted a deteriorating net financial result of RON -11.7m due to lower a financial income (-65.5%). Finally, as a result of the above mentioned, the bottom line amounted to RON 76.1m (-60% YoY).

Electrica Key Financials (RON 000)