AB KN Energies unaudited financial information for the twelve months of 2023
29 Februar 2024 - 7:55AM
UK Regulatory
AB KN Energies unaudited financial information for the twelve
months of 2023
AB KN Energies (hereinafter – KN, the Company) announces the
unaudited consolidated (hereinafter – the Group) and separate
financial results for the twelve months ended 31 December 2023.
Key financial indicators for the 12 months of 2023:
EUR millions |
Group |
Company |
|
12 months of 2023 |
12 months of 2022 |
12 months of 2023 |
12 months of 2022 |
Revenue |
83.5 |
77.8 |
80.4 |
74.7 |
EBITDA |
35.6 |
35.0 |
34.6 |
33.7 |
Net profit (loss) |
13.2 |
(5.9) |
12.8 |
(6.7) |
Adjusted net profit (loss) |
7.0 |
8.9 |
6.5 |
8.0 |
Management comment:
Regulated LNG activities revenue for the 12 months of 2023
reached EUR 48.7 million and is higher by EUR 4.1 million or 9.3%
compared to the same period of 2022 (EUR 44.6 million). The main
reasons: (1) higher regasification revenue by EUR 11.5 million due
to increased demand and regasification tariff from 0.41 EUR/MWh
(from May 2022 – 1.19 EUR/MWh) in 2022 to 1.41 EUR/MWh in 2023; (2)
higher LNG reloading revenue by EUR 0.9 million; (3) other LNGT
revenue is higher by EUR 2.4 million mainly due to payments from
the clients for the unused allocated capacity; (4) lower revenue
from the fixed part of LNG regasification service fee by EUR 10.7
million due to implemented LNG terminal capacity allocation and
tariffication model when KN part in security supplement from May
2022 was decreased to 0 EUR/(MWh/day/year).
Revenue from commercial LNG activities for the twelve months of
2023 amounts to EUR 6.9 million and is higher by 27.4% compared to
the same period in 2022 (EUR 5.4 million). Commercial LNG
activities consist of business development projects including LNG
terminal operator services provided in Brazil and Germany and LNG
reloading station in Klaipėda.
Revenue from liquid energy terminals for the twelve months of
2023 amounts to EUR 27.9 million and is higher by 0.4% compared to
the same period in 2022 (EUR 27.8 million). For the 12 months of
2023 Klaipėda liquid energy terminal transshipment volumes remained
nearly the same as in the 12 months of 2022.
Enclosed:
-
Consolidated and Separate Financial Statements of AB KN Energies
for 12 months period ended 31 December 2023.
- Presentation of the
unaudited financial results of the Group for the 12 months period
of 2023.
Tomas Tumėnas, Chief Financial Officer, +370 46 391772
- AB KN Energies IFRS Q4 2023
- KN_activity results for_2023_Q4
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