In 2018, Electrica recorded flat revenues compared to 2017, an increase in EBITDA of 15% and an increase in net income of 34%.
We are bringng you some key takes from Electrica’s 2018 preliminary report. According to it, in 2018, Electrica recorded flat revenues, compared to 2017, of RON 5.6bn.
Electrica Revenues (2015 – 2018) (RON m)
When observing the company’s operating expenses, they amounted to RON 5.5bn, which is a decrease of 1% YoY. The highest one was electricity purchased, which amounted to RON 2.7bn, which represents a decrease by RON 254.4m (-9%). The decrease in operating expnses led to an increase in EBITDA of 15% (coupled with an increase in depreciation and amortization of RON 27.7m), amounting to RON 684.2m.
Consequently, EBIT also recorded an increase of 32%, which amounted to RON 261m.
Net income in 2018 amounted to RON 230.4m, which represents an increase of 34%.
Electrica EBITDA & Net Income (2015 – 2018) (RON m)
Also, in 2018, the company’s total debt decreased 80% on the year, to RON 20.7m. Note that Electrica plans investments amounting to RON 739m for 2019, of which RON 710m in projects of its distribution subsidiaries.