Latvijas Gāze group reached historically strongest financial performance in the first quarter of 2022, which is attributable to disciplined trading and risk management strategy in 2021. JSC “Latvijas Gāze” (hereinafter also “Company”) Q1 2022 results represent its business results of both 2021 and Q1 2022 as majority of negative marked-to-market value of derivatives related to full winter season (
The Group’s net turnover in the first quarter of 2022 was
During first quarter of 2022, Company sold 4 014 GWh of natural gas to customers in
At the end of winter season (31.03.2022), Company (sales and trading segment of the Latvijas Gāze group) fully repaid its interest-bearing debt.
Latvijas Gāze group will publish its unaudited consolidated interim condensed financial statements for 6 months of 2022 on
Group | Company | |||
3M 2022 | Performance against 3M 2021 | 3M 2022 | Performance against 3M 2021 | |
Sales, GWh | 3 968 | -4% | 4 014 | -4% |
EBITDA, thous. EUR | 81 101 | +186% | 74 507 | +343% |
Net profit, thous. EUR | 77 474 | +214% | 73 984 | +351% |
*More detailed information on the alternative performance measures can be found on page 10 of the financial statements.
Additional information:
Romāns Tjurins
Vice President Finance
Phone: + (371) 67 369 139
E-mail: investor.relations@lg.lv
www.lg.lv
Attachment
- IFRS_Latvijas Gāze 03.2022 ENG
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