61bab49e-a518-4cc5-81fb-cb7bc3d55c38.pdf




November 25, 2015 Moscow

RELEASE


Mosenergo IFRS Profit for 9M 2015 Grew Three-fold

Mosenergo releases unaudited consolidated financial statements (prepared in accordance with IFRS) for the 9 months ended September 30, 2015.



Consolidated Statement of Comprehensive Income Key Figures, (mn RUR)

9M 2014

9M 2015

Revenue

107,568

114,314

Variable Costs

(76,212)

(76,006)

Fixed Costs(1)

(19,239)

(20,318)

EBITDA (2)

13,329

18,691

Depreciation of Property, Plant and Equipment

(10,993)

(14,915)

Operating Profit

2,336

3,776

Profit for the Period

745

2,264

  1. Excluding Depreciation of PP&E.

  2. EBITDA = Operating Profit + Depreciation of PP&E.


In 1H 2015 revenue grew by 6.3% year-on-year up to RUR 114,314 mn.

The bulk of the total revenue (57.9%) was contributed by the revenue from electricity and capacity sales, which remained flat year-on-year totaling RUR 66,188 mn. Revenue from heat sales (37.5% of the total revenue) increased by 8.9% in the reporting period up to RUR 42,868 mn, among other things on the account of some of MOEK's boiler-houses transfer under management of Mosenergo. Other revenue amounted to RUR 5,258 mn.

Variable costs in 9M 2015 remained flat year-on-year, totaling to RUR 76,006 mn. Fixed costs (excluding Depreciation and Impairment of PP&E) in the reporting period grew by 5.6%, up to RUR 20,318 mn.

EBITDA in 9M 2015 increased by 40.2% year-on-year, up to RUR 18,691 mn.

IFRS profit of Mosenergo for 9M 2015 amounted to RUR 2,264 mn growing thus three-fold.


MOSENERGO PR DEPARTMENT

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(495) 957-1-957, ext. 2282, 2290

(495) 957-37-99

press-centre@mosenergo.ru http://www.mosenergo.ru

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