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Estimated selected financial and operating data for the first half of 2018.The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) publishes initial selected consolidated financial and operating data for the first half of 2018.

  • No. of the report: 19/2018
  • Report date: 26.07.2018 17:22
  • Report legal ground: Art. 17 sect. 1 of MAR – inside information.

Contents of the report

According to the initial estimates net electricity production at PGE generating units in first half of 2018 amounted to 32.9 TWh, distribution volume reached 18.0 TWh and sales to final off-takers came out at 20.7 TWh. Heat sales volume amounted to 29.0 PJ.

Consolidated EBITDA in the first half of 2018 amounted to approximately PLN 3,577 million; including:EBITDA of Conventional Generation segment (including Heating) PLN 1,741 million,EBITDA of Distribution segment PLN 1,270 million,EBITDA of Supply segment PLN 302 million,EBITDA of Renewables segment PLN 222 million.

Consolidated net profit attributable to equity holders of the parent company amounted to approximately PLN 1,202 million (i.e. earnings per share of PLN 0.64). Semiannual CAPEX amounted to PLN 2,251 million. Estimated net debt as at June 30, 2018 was PLN 8,211 million.

Average electricity wholesale price realized by Conventional Generation segment in the first half of 2018 amounted to PLN 173.3 per MWh (on comparable basis - i.e. without assets acquired in November 2017).

Disclaimer: Presented values are estimated and may change. Consolidated financial statements of the PGE Group are still in the process of preparations. The annual consolidated report for the first half of 2018 will be published on August 7, 2018.

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