EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Annual
Results/Annual Results
PJSC Mosenergo Releases 2019FY IFRS Results
06-March-2020 / 08:41 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
*******
March 6, 2020
Moscow
Mosenergo Releases 2019FY IFRS Results
Mosenergo releases audited consolidated financial statements (prepared in
accordance with IFRS) for the 12 months ended December 31, 2019.
Consolidated Statement of 2018 2019 Change
Comprehensive Income Key Figures, (mn
RUR)
Revenue 198,870 189,777 -4.6%
Operating Costs (127,542) (127,536) +4.0%
EBITDA(1) 41, 085 21,972 -46.5%
Depreciation and Amortization (15,177) (15,359) +1.2%
Operating Profit 25,908 6,613 -74.5%
Profit for the Period 21,405 9,599 -55.2%
(2) Calculated as "Operating Profit + Depreciation and Amortization"
Mosenergo revenue for 2019FY decreased by 4.6% year-on-year, down to RUR
189,777 mn. The reason for the decline was lower revenue from capacity sales
(-24.7%) on the back of capacity supply agreements expiry for three units,
as well as lower revenue from heat sales (-5.3%), resulting from warmer
weather in 2019 heating season. The revenue decrease was partly
counterweighted by electricity output growing by 3.1%.
Operating costs increased 4.0%, up to RUR 179,290 mn.
EBITDA amounted to RUR 21,972 mn (-46.5% year-on-year).
Mosenergo IFRS profit for 2019FY decreased by 55.2%, down to RUR 9,599 mn.
MOSENERGO PR DEPARTMENT
Tel.: (495) 957-1-957, ext. 2282, 2290
Fax: (495) 957-37-99
?-mail: press-centre@mosenergo.ru
Website: http://www.mosenergo.ru [1]
06-March-2020 CET/CEST The EquityStory.RS, LLC Distribution Services include
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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: mosenergo@mosenergo.ru
Internet: www.mosenergo.ru
ISIN: US0373763087, RU0008958863
WKN: 899416
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart; London, Moscow
EQS News ID: 991243
End of Announcement EquityStory.RS, LLC News Service
991243 06-March-2020 CET/CEST
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=d954348232c8135319c9a1535d529470&application_id=991243&site_id=vwd&application_name=news
(END) Dow Jones Newswires
March 06, 2020 02:42 ET (07:42 GMT)
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