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Estimated selected financial and operating data for the first half of 2017The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) publishes initial selected consolidated financial and operating data for the first half of 2017.

  • No. of the report: 42/2017
  • Report date: 26.07.2017 17:19
  • 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 2017 amounted to 27.9 TWh, distribution volume reached 17.5 TWh and sales to final off-takers came out at 19.8 TWh.

Consolidated EBITDA the first half of 2017 amounted to approximately PLN 3,445 million; including:EBITDA of Conventional Generation segment PLN 1,612 million,EBITDA of Distribution segment PLN 1,222 million,EBITDA of Supply segment PLN 422 million,EBITDA of Renewables segment PLN 169 million.

Consolidated net profit attributable to equity holders of the parent company amounted to approximately PLN 1,497 million (i.e. earnings per share of PLN 0.80). Semiannual CAPEX amounted to PLN 2,595 million.Estimated net debt as at June 30, 2017 was PLN 4,718 million.

Average electricity wholesale price realized by Conventional Generation segment in the first half of 2017 amounted to PLN 163.3 per MWh.

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 2017 will be published on August 8, 2017.

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