Federal Grid Company UES provided earnings guidance for the year 2017. For the period the company expects increase in net profit to RUB 78.7 billion in 2017. IFRS net profit to rise 15% to RUB 78.7 billion in 2017. Adjusted EBITDA may grow 5.5% to RUB 123.1 billion. Adjusted net profit will be the same as the unadjusted figure RUB 78.7 billion, up 39% on 2016. Negative free cash flow is expected to be RUB 4 billion. Revenue from electricity transmission will be RUB 190.295 billion in 2017, up 5.5% year-on-year, with this figure rising to RUB 208.724 billion in 2018. Revenue from grid connection could be RUB 21.226 billion this year and RUB 20.489 billion next year. In 2016 revenue from electricity transmission was RUB 171.133 billion and from grid connection RUB 45.479 billion. The company is expecting a 0.8%-0.9% rise in electricity generation to around 545 billion kWh.