Lietuvos Energijos Gamyba, AB, company code 302648707, registered office at Elektrinės st. 21, Elektrėnai (hereinafter referred to as the Company). The total number of registered ordinary shares issued by the Company is 648 002 629, ISIN code – LT0000128571.

The Company announces preliminary financial results for 7 months of 2019:

 7 months of 20197 months of 2018*Change
Revenue from contracts with customersEUR 78.9 mEUR 72.6 m8.7%
Adjusted EBITDA**EUR 33.7 mEUR 30.5 m10.5%

Electricity produced in the power plants controlled by the Company:

 7 months of 20197 months of 2018Change
Elektrėnai Complex9.6 GWh8.7 GWh 10.3%
Kruonis PSHP250.6 GWh211.2 GWh18.7%
Kaunas A. Brazauskas’ HPP186.0 GWh249.8 GWh -25.6%

Due to positive results of the stocked fuel-oil sales and increased production volumes of Kruonis PSHP, the Company’s revenue from contracts with customers increased during January-July of 2019 if compared to the same period last year. The Company's adjusted EBITDA for the 7 months of 2019 has also increased, this happened mainly due to the sales of stocked fuel-oil as well as higher production volumes of Kruonis PSHP combined with higher sales margins that increased because of a favourable difference between daily peak and night-time electricity prices. Hydrological drought and longer fish spawning period resulted in lower production volumes of Kaunas HPP if compared to January-July of 2018. 

* Financial indicators of the Company for the year 2018 have been recalculated. Information about the changes is presented in the Company's interim financial information for the six-month period ended 30 June 2019.
** The Company’s preliminary adjusted EBITDA for 2019 and actual adjusted EBITDA for 2018 are reported after the adjustments made by the management by eliminating the impact of one-off factors, also considering the change in revenue (and, consequently, EBITDA) of the Company's regulated services. These adjustments are made aiming to disclose the results of the Company’s operating activities after the elimination of the impact of non-typical, 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.

Berta Jasiukenaite, Public relations project manager, +370 694 60771, berta.jasiukenaite@le.lt