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This subpage collects in one place information on the PGE Polska Grupa Energetyczna necessary to make an investment decision. We invite you to contact us.

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Operating and sales data for year 2023

Specification	Accrued since the beginning of the year
Specification	12M 2023	12M 2022	Dynamics (%)
Net generation of electricity in PGE Group, including:	56.77 TWh	66.13 TWh	-14%
- net generation from lignite	29.75 TWh	39.51 TWh	-25%
- RES	2.73 TWh	2.24 TWh	22%
Volume of retail sales to final off-takers	34.71 TWh	34.28 TWh	1%
Volume of electricity distribution	38.8 TWh	37.07 TWh	5%
Disclaimer: the above figures were not audited

Key financial indicators of PGE Capital Group

	FY’11	FY’12	FY’13	FY’14	FY’15	FY’16	FY’17	FY’18	FY’19	FY’20	FY’21	FY'22	FY'23
EBITDA margin	24%	24%	27%	29%	29%	26%	33%	25%	19%	13%	18%	12%	10%
EBIT margin	15%	14%	16%	18%	-13%	13%	15%	10%	11%	3%	10%	6%	-4%
Net profit margin	18%	12%	13%	13%	-11%	9%	11%	6%	-11%	0,2%	8%	5%	-5%
Return on equity (ROE)	14%	10%	10%	9%	-7%	6%	6%	3%	-8%	0,3%	8%	7%	-10%
Debt to equity	0.43	0.38	0.40	0.48	0.52	0.58	0.56	0.59	0.80	0.88	0.84	0.95	1.37
Debtor's days	25	25	28	33	34	37	49	47	34	17	46	28	27
Net debt (net cash) /reported EBITDA	-0.61	-0.34	-0.37	-0.13	0.32	0.69	0.99	1.51	1.60	1.22	0.44	-0.31	1.11

(1) ROE was computed as a quotient of net profit divided by end of year equity less net profit.
(2) Debtor days were computed based on formula:
(365 days * average trade receivables)/sales revenues, where average trade receivables mean arithmetic average of beginning of the year and end of year figures and each times involves gross value (i.e. before receivables impairments).

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