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 3M 2019 3M 2020 Change
Income
Key Figures, (mn RUR)
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.: (495) 957-1-957, ext. 2282, 2290
Fax: (495) 957-37-99
?-mail: press-centre@mosenergo.ru
Website: http://www.mosenergo.ru [1]
06-May-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: 1037259
End of Announcement EquityStory.RS, LLC News Service
1037259 06-May-2020 CET/CEST
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=d954348232c8135319c9a1535d529470&application_id=1037259&site_id=vwd&application_name=news
(END) Dow Jones Newswires
May 06, 2020 06:48 ET (10:48 GMT)
