Amber Grid Group Consolidated Operating Results for the 1st Quarter of 2023
05 May 2023 - 11:00PM
Amber Grid Group Consolidated Operating Results for the 1st Quarter
of 2023
AB Amber Grid, legal entity code: 303090867. Address: Laisvės
ave. 10, LT-04215 Vilnius, Lithuania.
Amber Grid delivers consolidated results of the Group consisting
of AB Amber Grid and UAB GET Baltic for the 1st quarter of 2023
prepared according to the International Financial Reporting
Standards:
• Revenue for the 1st quarter of 2023 EUR 26.2 million (the 1st
quarter of 2022 EUR 27.3 million);• Net profit for the 1st quarter
of 2023 EUR 1.9 million (the 1st quarter of 2022 EUR 5.3 million);•
EBITDA (earnings before interest, taxes, depreciation and
amortisation) for the 1st quarter of 2023 EUR 6.3 million (the 1st
quarter of 2022 EUR 9.5 million);• Average return on equity (ROE)
for the last 12 month as of 31 March 2023 6.7% (as of 31 March 2022
11.2%).
Amber Grid (Company) adjusted financial indicators for the 1st
quarter of 2023:
• Adjusted net profit for the 1st quarter of 2023 EUR 3.9
million (the 1st quarter of 2022 EUR 5.4 million);• Adjusted EBITDA
(earnings before interest, taxes, depreciation and amortisation)
for the 1st quarter of 2023 EUR 7.8 million (the 1st quarter of
2022 EUR 9.4 million);• Average return on equity (ROE) for the last
12 months as of 31 March 2023 9.8% (as of 31 March 2022 10.1%).
The adjustment of regulated income, costs and profitability
indicators is carried out due to temporary regulatory difference
from the regulated profitability approved by NERC. When calculating
adjusted indicators, the correction of income is assessed due to
previous periods, which is already approved by the decision of NERC
in determining the regulated prices of transmission services for
the reporting period. Also, the indicators are adjusted by the
deviation of the NERC approved (regulated) and actual profitability
of the reporting period, which NERC will evaluate when determining
the transmission service prices for the coming period.
Attached:
1. Amber Grid condensed consolidated and separate financial
statements as of 31 March 2023;2. Press release.
More information: Laura Šebekienė, Head of Communications of
Amber Grid,Ph. +370 699 61 246, e-mail:
l.sebekiene@ambergrid.lt
- Amber Grid Financial Statements for Q1 2023
- In Q1 2023 Amber Grid earned EUR 26.2 million revenue
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