07-Aug-2020 / 09:43 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
RELEASE
August 7, 2020
Moscow
Mosenergo Releases 1H 2020 IFRS Results
Mosenergo releases unaudited consolidated interim abbreviated financial statements (prepared in accordance with IFRS) for the 6 months ended June 30, 2020.
Consolidated Statement of Comprehensive Income Key Figures, (mn RUR)
6M 2019
6M 2020
Change
Revenue
103,855
92,952
-10.5%
Operating Costs
(89,686)
(84,801)
-5.4%
EBITDA(1)
23,033
18,155
-21.2%
Depreciation and Amortization
(8,994)
(11,376)
+26.5%
Operating Profit
14,039
6,779
-51.7%
Profit for the Period
12,730
6,592
-48.2%
(1) Calculated as "Operating Profit + Depreciation and Amortization"
PJSC "Mosenergo" and subsidiaries (Mosenergo Group) revenue for 1H 2020 decreased by 10.5% year-on-year, down to RUR 92,952 mn. The reason for the decline was lower revenue from electricity and heat sales (-21.7% and -4.0%, correspondingly), resulting from warmer weather in 1q 2020, decreased electricity consumption on the back of COVID-19 and increased electricity output at nuclear stations in the Central energy system and hydro stations.
Operating costs for 6M 2020 decreased year-on-year by 5.4% down to RUR 84,801 mn.
EBITDA amounted to RUR 18,155 mn (-21.2% year-on-year).
Mosenergo Group IFRS profit for 1H 2020 decreased by 48.2%, down to RUR 6,592 mn.
MOSENERGOPRDEPARTMENT
Tel.:
Fax:
?-mail:
Website:
(495) 957-1-957, ext. 2282, 2290
(495) 957-37-99
press-centre@mosenergo.ru
http://www.mosenergo.ru
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PJSC Mosenergo specializes in producing and distributing electricity. Sales break down by activity as follows:
- production and distribution of electricity (55.9%): 60,110 GWh produced in 2021. At the end of 2021, the group had 15 power plants with an installed capacity of 12,825 MW;
- production and sale of heat (42.3%);
- other (1.8%): engineering services, telecommunication services, etc.
All sales are in Russia.
MOSENERGO 
