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Estimated selected financial and operating data for the 9 months of 2017.The

  • No. of the report: 48/2017
  • Report date: 24.10.2017 17:18
  • Report legal ground: Art. 17 sect. 1 of MAR – inside information.

Contents of the report

Management Board of PGE Polska Grupa Energetyczna S.A. publishes initial selected consolidated financial and operating data for the 9 months of 2017. According to the initial estimates net electricity production at PGE Group generating units in the 9 months of 2017 amounted to 41.5 TWh (including 29.8 TWh from lignite), distribution volume reached 26.2 TWh and sales to final off-takers came out at 29.7 TWh.

Consolidated EBITDA for the 9 months of 2017 amounted to approximately PLN 6,108 million; including:EBITDA of Conventional Generation segment PLN 3,401 million,EBITDA of Distribution segment PLN 1,807 million,EBITDA of Supply segment PLN 614 million,EBITDA of Renewables segment PLN 239 million.

Consolidated EBITDA estimate presented above encompasses PLN 1,280 million of LTC revenues (including PLN 1,211 million from the final settlement).

Consolidated net profit attributable to equity holders of the parent company amounted to approximately PLN 2,960 million (i.e. earnings per share of PLN 1.58).CAPEX amounted to approximately PLN 4,193 million.Estimated net debt as at September 30, 2017 was approximately PLN 4,276 million.

Average electricity wholesale price realized by Conventional Generation segment in the 9 months of 2017 amounted to PLN 163.9 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 9 months of 2017 will be published on November 7, 2017.