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EQS-Adhoc: PJSC Mosenergo Releases 2020FY IFRS Results

Source: EQS

EquityStory.RS, LLC-Ad-hoc: PJSC Mosenergo / Key word(s): Annual Results/Statement
PJSC Mosenergo Releases 2020FY IFRS Results

09-March-2021 / 09:24 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 9, 2021

Moscow

  Mosenergo Releases 2020FY IFRS Results

Mosenergo releases audited consolidated financial statements (prepared in accordance with IFRS) for the 12 months ended December 31, 2020.

 

Consolidated Statement of Comprehensive Income, Key Figures, (mn RUR)

2019FY

2020FY

Change

Revenue

189,777

180,908

-4.7%

Operating Costs

(179,290)

(172,235)

-3.9%

EBITDA(1)

24,587

30,472

+23.9%

Depreciation and Amortization

(17,974)

(22,874)

+27.3%

Operating Profit

6,613

7,598

+14.9%

Profit for the Period

9,599

8,045

-16.2%

 

 (1) Calculated as «Operating Profit + Depreciation and Amortization».

 

PJSC «Mosenergo» and subsidiaries (Mosenergo Group) revenue for 2020FY decreased by 4.7% year-on-year, down to RUR 180,908 mn. The reason for the decrease was lower revenue from electricity (-13.5%). The operating performance decline resulted from decreased electricity consumption, as well as relatively warm weather and shorter heating period in 2020.

Operating costs for 2020FY decreased year-on-year by 3.9% down to RUR 172,235 mn.

EBITDA amounted to RUR 30,472 mn (+23.9% year-on-year) due to decreasing of net charge for impairment and other provisions in 2020.

Mosenergo Group IFRS profit for 2020FY decreased by 16.2%, down to RUR 8,045 mn.

 

 

MOSENERGO PR DEPARTMENT

Tel.:

Fax:

Е-mail:

Website:

(495) 957-1-957, ext. 2282, 2290

 (495) 957-37-99

press-centre@mosenergo.ru

http://www.mosenergo.ru

 

 


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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; Moscow
EQS News ID: 1174077

 
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1174077  09-March-2021 CET/CEST

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