AB Amber Grid Group Consolidated Operating Results for the year of 2023
29 Febbraio 2024 - 4:00PM
UK Regulatory
AB Amber Grid Group Consolidated Operating Results for the year 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 year of 2023 prepared
according to the International Financial Reporting Standards:
• Revenue for the year 2023 EUR 82.2 million (the year 2022 EUR
98.2 million);
• Net profit for the year 2023 EUR 12.2 million (the year 2022 EUR
15.7 million);
• EBITDA (earnings before interest, taxes, depreciation and
amortisation) for the year 2023 EUR 26.3 million (the year 2022 EUR
32.0 million);
• Average return on equity (ROE) for the year 2023 6.6% (the year
2022 8.7%).
Amber Grid (Company) adjusted financial indicators for the year
2023:
• Adjusted net profit for the year 2023 EUR 9.2 million (the
year 2022 EUR 19.5 million);
• Adjusted EBITDA for the year 2023 EUR 24.7 million (the year 2022
EUR 35.0 million);
• Adjusted ROE for the year 2023 5.0% (the year 2022 10.8%).
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.
Non-recurring transactions are also eliminated.
Attached:
1. AB Amber Grid condensed interim consolidated and separate
financial statements as of 31 December 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
- Financial Statements 2023
- Press release_Amber Grid earned EUR 82 million in revenue in
2023
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