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2020-09-01 14:20:00

RUSHYDRO NET PROFIT RUB46.8 BLN

ЧИСТАЯ ПРИБЫЛЬ РУСГИДРО 46.8 МЛРД. РУБ.

RUSHYDRO - August 27, 2020 - RusHydro Group (hereinafter referred to as the “Group”, ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces its condensed consolidated interim unaudited financial information prepared in accordance with International Financial Reporting Standards (IFRS) for the 2nd quarter and 1st half of 2020. 

Key highlights for 1H of 2020: 
  • RUB 218,057 mn – total revenue (+9.0% y-o-y);
  • RUB 67,652 mn – EBITDA (+33.3% y-o-y);
  • 31.0% - EBITDA margin (+5.7 p.p. as compared to 1H’19);
  • flat manageable cash cost growth;
  • RUB 46,825 mn – net profit (+59.4%);
  • 1x – net debt/EBITDA.

Key highlights for 2Q of 2020:

  • RUB 100,373 mn – total revenue (+10.7% y-o-y);
  • RUB 31,039 mn – EBITDA (+46.4% y-o-y);
  • 30.9% - EBITDA margin (+7.5 p.p. as compared to 2Q'19);
  • 2.0% decrease in manageable cash cost growth;
  • RUB 20,917 mn – net profit (+62.5%).

2Q and 1H 2020/2019 highlights (in RUB mn) 

 

2Q/20

2Q/19

chg.

1H/20

1H/19

chg.

Revenue

100,373

90,674

10.7%

218,057

200,134

9.0%

Operating expenses

76,311

76,049

0.3%

164,613

162,403

1.4%

Other operating profit

558

192

190.6%

861

470

83.2%

Operating profit1

24,620

14,817

66.2%

54,305

38,201

42.2%

EBITDA2

31,039

21,206

46.4%

67,652

50,770

33.3%

Net profit

20,917

12,873

62.5%

46,825

29,385

59.4%

 

Nikolay Shulginov, Chairman of the Management Board – General Director of RusHydro commented: "Thanks to systematic initiatives aimed at increasing the company's value growth, capitalization increased by 33% in the first half of the year. Operational efficiency growth, sustainability of our business model and commissioning of new capacities are the backbones behind our performance.
Strong operational results in the first half of 2020 would not have been possible without effective hydropower resource management and seamless maintenance.
Solid financial results enable RusHydro to continuously improve reliability of electricity supply to consumers and carry out operational and investment program to successfully implement the government's modernization program of thermal power plants under capacity supply agreements".

 

Full PDF version

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Tags: РУСГИДРО, RUSHYDRO
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