AB Amber Grid Group Consolidated Operating Results for 9 months of 2023
06 November 2023 - 3:10PM
AB Amber Grid Group Consolidated Operating Results for 9 months of
2023
AB Amber Grid delivers consolidated results of
the Group consisting of AB Amber Grid and UAB GET Baltic for
9 months of 2023 prepared according to the International Financial
Reporting Standards:• Revenue for 9 months of 2023 EUR 61.6 million
(9 months of 2022 EUR 66.4 million);• Net profit for 9 months of
2023 EUR 15.4 million (9 months of 2022 EUR 10.6 million);• EBITDA
(earnings before interest, taxes, depreciation and amortisation)
for 9 months of 2023 EUR 18.6 million (9 months of 2022 EUR 22.4
million);• Average return on equity (ROE) for the last 12 month as
of 30 September 2023 11.2% (as of 30 September 2022 10.8%).
AB Amber Grid (Company) adjusted financial
indicators for 9 months of 2023:• Adjusted net profit for 9 months
of 2023 EUR 7.6 million (9 months of 2022 EUR 14.4 million);•
Adjusted EBITDA (earnings before interest, taxes, depreciation and
amortisation) for 9 months of 2023 EUR 19.2 million (9 months of
2022 EUR 25.5 million);• Average return on equity (ROE) for the
last 12 months as of 30 September 2023 7.0% (as of 30 September
2022 10.8%).
The adjustment of regulated income, costs and
profitability indicators is carried out due to temporary regulatory
difference from the regulated profitability approved by NERC. When
calculating adjusted indicators, the correction of income is
assessed due to previous periods, which is already approved by the
decision of NERC in determining the regulated prices of
transmission services for the reporting period. Also, the
indicators are adjusted by the deviation of the NERC approved
(regulated) and actual profitability of the reporting period, which
NERC will evaluate when determining the transmission service prices
for the coming period. Non-recurring transactions are also
eliminated.
Attached:1. AB Amber Grid condensed consolidated
and separate financial statements as of 30 September 2023;2. Press
release.
The individual authorised by AB Amber Grid
(the issuer) to provide additional information on the material
event:Milda JanuškevičienėCommunications project
managerPh. +370 659
53661e-mail: m.januskeviciene@ambergrid.lt
- 2023-466019_EN
- Amber Grid achieves EUR 61.6 million revenue in the first nine
months of 2023
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