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Energijos Skirstymo Operatorius AB (hereinafter – ESO or the Company), identification code 304151376, registered office located at Aguonų g. 24, Vilnius, Republic of Lithuania. The total number of registered ordinary shares issued by the Company is 894 630 333; ISIN code LT0000130023.
Preliminary ESO financial data for 11 months of 2018:
11 months of 2018 11 months of 2017 Change
Revenue EUR 570.6 million EUR 554.5 million 2.9 %
Adjusted EBITDA* EUR 152.4 million EUR 131.9 million 15.5 %
Revenue of the electricity and natural gas distribution company ESO totalled EUR 570.6 million in 11 months of 2018 and increased by 2.9 % compared to the same period of 2017, when it was EUR 554.5 million. Despite lower electricity and natural gas tariffs set for customers of the Company, a one-off transaction on the transfer of the public electricity supply activity to UAB Lietuvos Energijos Tiekimas in the value of EUR 27.4 million increased its revenue. Growing electricity needs of business customers have also helped maintaining stable income.
During 11 months of 2018, ESO generated EUR 152.4 million in earnings before interest, taxes, depreciation and amortization (adjusted EBITDA*), which were 15.5% higher compared to the same period of 2017, when this indicator totalled EUR 131.9 million. Such dynamics of the indicator was maintained by more efficient activities of the Company and increased investments into the renovation of its networks.
*The Company's preliminary EBITDA are reported after the adjustments made by the management by eliminating deviations in actual and regulated income and the impact of one-off factors. These adjustments are made aiming to disclose the results of the Company's operating activities after the elimination of the impact of atypical, one-off factors or factors that are not directly related to the current reporting period. All adjustments made by the management are disclosed in the Company's interim and annual reports.
Representative for Public Relations Tomas Kavaliauskas, , tel. +370 617 51616.
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