MAIN FINANCIAL HIGHLIGHTS (millions of RUB)
|
|
2020 |
2019 |
Change |
Revenues |
|
44,037 |
65,835 |
-33.1% |
EBITDA |
|
9,017 |
15,318 |
-41.1% |
EBIT |
|
5,532 |
2,842 |
+94.7% |
Ordinary EBIT |
|
6,595 |
11,039 |
-40.3% |
Net income |
|
3,625 |
896 |
+304.6% |
Ordinary net income |
|
4,467 |
7,453 |
-40.1% |
Net debt at the end of the period |
|
13,697 |
4,171 |
+228.4% |
“The change in the company’s assets perimeter after the disposal of Reftinskaya GRES and lower economic activity due to the COVID-19 pandemic were the main factors impacting our ordinary 2020 results. In a challenging context characterized by the pandemic, our company focused on ensuring continuous business operations and actively invested in its renewable projects realization.”
– Stephane Zweguintzow, General Director of Enel Russia
Moscow, March 16th, 2021 – PJSC Enel Russia has published its audited consolidated financial statements for 2020 in accordance with the International Financial Reporting Standards (IFRS).
– a decrease in electricity and capacity sales considering the company’s new perimeter after Reftinskaya GRES disposal;
– a decline in market electricity (DAM) prices, as a result of lower demand in the energy system, caused by weak economic activity due to the COVID-19 pandemic, coupled with stable supply by hydro and nuclear power plants in the European Russia and the Urals (the first price zone) throughout the year.
These factors were only partially compensated by an annual increase of regulated tariffs and an indexation of market capacity (KOM) prices for 2020.