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ELECTRICITY MARKET

Electricity Market

WIND ENERGY PRODUCTION

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SOCIAL RESPONSIBILITY

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INTER RAO Lietuva   News   News

News

INTER RAO Lietuva Group announces financial results for 1Q 2017 - Revenues increased, net profit reached EUR 2.6 million
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2017 05 12

The results of INTER RAO Lietuva Group during the reporting period were mostly influenced by higher amounts of electricity sold and lower average prices realized in sales contracts. The sale prices were influenced by the challenging market conditions and the competition between the market participants after introducing the new power connections from Lithuania to Poland and to Sweden. At the same time the purchase prices stayed flat y/y. The Group has managed to sell more electricity thanks to signing more contracts with clients in Lithuania and Latvia, as well as better metrological conditions for producing electricity at the Vydmantai wind power plant. This led to a Gross profit on sales of more than EUR 4.8 million. The Group’s EBITDA stood at EUR 3.8 million and the net profit reached EUR 2.6 million with the margins of 7.8 and 5.3 percent respectively. The Group generated earnings of EUR 0.13 per share- says Giedrius Balčiūnas, CEO at INTER RAO Lietuva.

INTER RAO Lietuva to pay a dividend of 51 euro cents per share
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2017 04 28

At the Annual General Meeting shareholders of AB INTER RAO Lietuva approved a dividend paymet of EUR 10.2 million, or EUR 0.51 per share, for the year 2016. The dividend record date was scheduled for the 15th May 2017 and the dividend will be paid out to shareholders on the 24th May 2017.

INTER RAO Lietuva Group announces financial results for 2016 - Bigger trading volumes and more clients generated more than 9 million euro net profit
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2017 02 24

The year 2016 was challenging for all the market participants due to on average lower and highly volatile electricity prices after introducing NordBalt and LitPol Link power interconnections and their multiple unplanned disconnections during first half of the year. The generation in the wind farm was affected by much worse metrological conditions. Despite this, the INTER RAO Lietuva Group traded more electricity and increased the client base, and the trading volumes during the last quarter of the year were increasing in all the countries of presence. The Group managed to generate 10.59% gross profitability andthe net profit of the Group was 9.3 million euro. The net profit margin during the year was 5.17% and the Group has earned EUR 0.46 per share – says Giedrius Balčiūnas, CEO at INTER RAO Lietuva.

INTER RAO Lietuva Group announces the results for the 9-month period - The trading volumes slightly increased, incomes and profits decreased
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2016 11 14

The results of the INTER RAO Lietuva Group in the third quarter of the year were influenced by the same factors, which affected all the participants of the electricity market in the Baltics. The highly negative meteorological conditions and the historically low wind speeds affected the production and sales of the generated electricity. The average lower and highly volatile electricity prices in the market after introducing NordBalt and LitPol Link power interconnections and their multiple unplanned disconnecting influenced the revenues and the profitability results. Despite this, the Group reached good profitability results, but not so good as in the very successful year 2015. The net profit of the Group was EUR 6.9 million and the net profit margin reached 5.6%. The Group has earned EUR 0.34 per share – says Giedrius Balčiūnas, CEO at INTER RAO Lietuva.

INTER RAO Lietuva Group announces financial results for 1H 2016 - Good results despite the negative conditions in the markets
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2016 08 31

The results of the INTER RAO Lietuva Group in the first half of the year were influenced by some negative factors, which affected all the participants of the electricity market in the Baltics. Despite thehighly negative meteorological conditions, the historically low wind speeds, ontheaverage lower and highly volatile electricity prices in the market, after introducing NordBalt and LitPol Link power interconnections and their multiple unplanned disconnecting, the Group reached goodprofitability results. Thenet profit of the Group was EUR 5.9 million and the net profit margin slightly decreased, but reached 7.1%. The Group has earned EUR 0.29 per share - says Giedrius Balčiūnas, CEO at INTER RAO Lietuva.

INTER RAO Lietuva Group announces financial results for 1Q 2016 - After the extremely good year 2015, back to the results of the previous years
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2016 05 13

The results of INTER RAO Lietuva Group after the extremely good year 2015 came back to the level of the previous years. During the reporting period, new interconnections with Poland and Sweden were introduced and the electricity prices on the market were lower. Despite this, the amount of electricity traded by the Group was a bit higher than in the 1Q of 2015. Lower prices in the market determined revenues of the Group and thus the profits. However, the ongoing structural changes in trading business of the Group, when electricity traded is being purchased from diverse suppliers, allowed us to reach similar results as in 1Q of 2014. The Group EBITDA was EUR 5.3 million and the net profit reached EUR 3.8 million with the industry normal margins of 11.4 and 8.2 percent respectively. The Group has generated earnings of EUR 0.19 per share- says Giedrius Balčiūnas, CEO at INTER RAO Lietuva.

INTER RAO Lietuva to pay a dividend of 80.5 euro cents per share
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2016 04 29

At today’s Annual General Meeting shareholders of AB INTER RAO Lietuva decided to pay a dividend of EUR 16.1 million, or EUR 0.805 per share, for 2015. The dividend record date was scheduled for 13 May and the dividend will be paid out to shareholders on 24 May.

INTER RAO Lietuva Group announces financial results for 2015: The Group managed to generate the best results in the last 5 years
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2016 02 19

We have the best INTER RAO Lietuva Group’s financial results in the last five years. The better wind conditions than the estimated long-term average and technical improvements done by the Group lead to one of the best results of Vydmantai wind park since the beginning of performance of the wind park in 2006. The electricity generated by the wind farm reached 68.55 GWh and was by one fifth higher than in 2014. The Group managed to generate industry normal 15.86% gross profitability andthe net profit of the Group increased by more than 50 percent and reached 18.8 million. The net profit margin during the year improved from 5.87 % to 10.08 % and the Group has earned EUR 0.94 per share – says Giedrius Balčiūnas, CEO at INTER RAO Lietuva.

Once again in 2015 “INTER RAO Lietuva” was among the largest tax payers
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2016 02 12

In 2015, AB “INTER RAO Lietuva” once again was ranked among the largest taxpayers in the country.

INTER RAO Lietuva Will Continue Publishing the Consolidated Interim Financial Information
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2016 01 08

AB “INTER RAO Lietuva” will be drawing up and publishing the consolidated interim financial information of three, nine, and twelve months, although the latest amendments to the Law on Securities of the Republic of Lithuania have withdrawn this obligation for issuers.

A. Tumeno str. 4, B corps;
LT-01109 Vilnius

Phone: +370 (5) 242 11 21
Fax: +370 (5) 242 11 22
E-mail: info[et]interrao.lt


"http://www.interrao.lv/en/"
INTER RAO Latvia
"http://www.interrao.ee/eng"
INTER RAO Eesti
"http://vwp.lt/en"
Vydmantai wind park
"http://www.irlpolska.pl/eng"
IRL Polska