Societatea Energetica Electrica 2018 Preliminary Results

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.

Category : Flash News

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