The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) publishes initial selected consolidated financial and operating data for the first half of 2021.
According to the initial estimates net electricity production at PGE generating units in the first half of 2021 amounted to approximately 32.9 TWh, distribution volume arrived at 18.6 TWh and sales to final off-takers came out at 18.8 TWh. Heat sales volume amounted to 32.1 PJ.
Consolidated EBITDA for the first half of 2021 amounted to approximately PLN 5 229 million, including:
EBITDA of Conventional Generation segment PLN 2 024m,
EBITDA of District Heating segment PLN 715m,
EBITDA of Distribution segment PLN 1 382m,
EBITDA of Supply segment PLN 706m,
EBITDA of Renewables segment PLN 382m,
EBITDA of Circular Economy segment PLN 24m.
CAPEX amounted to PLN 2 247m. Estimated net debt amounted to approximately PLN 5 948m as at June 30, 2021.
Average electricity wholesale price realized by Conventional Generation segment in the first half of 2021 amounted to PLN 254.3 per MWh.
Currently, the impairment tests are being conducted at PGE (company informed about that in current report no. 23/2021), result of which may potentially have a significant impact on the net result. With regard to the above, information about the estimated net result will be published together with the results of the impairment tests.Disclaimer: Presented values are estimated and may change. Consolidated and standalone financial statements are still in the preparation process and are reviewed by the professional auditor. The consolidated report for the first half of 2021 will be published on September 28, 2021.