print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line

Get updates

Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all ROSSETI press releases


August 29, 2019

Rosseti sets Strategic Priorities

During his speech at the All-Russian Congress of Power Industry Professionals,  Mr. Pavel Livinskiy, Rosseti's CEO,  told about the core lines of the power grid holding's strategic development for the next ten years.  

"Only those companies that are ready to transform their paradigm and to diversify their product line to meet the emerging and prospective needs of modern consumers who are willing to acquire the comprehensive premium services with the minimum effort may count on success and stable development in the long run  in the era when the digital technologies and new services that  change all fields of life and economy spread widely.   The customer wants us to be aware of his/her individual preferences and to deliver the finished product that meets his/her particular expectations to him/her. We are obliged to deliver it," ssaid the energy holding's CEO. 

Mr. Pavel Livinskiy designated the three top priority areas in Rosseti Group's updated strategy.  Firstly, quality increase in reliability and affordability of power supply to consumers, in any region and type of population center. 

Secondly, support to technological development and digitalization of the Group of Companies, to create and promote value-added services that are capable of increasing non-tariff-based revenues by up to 30% of the total scope and transform the holding into a multi-platform aggregator of modern, highly demanded for services online and offline. 

Increase in the shareholders' aggregate profitability is designated as the third-priority strategic area,  and to this end, the group will  be guided by the best practices  existing in the  enterprises of the holding of practice,  according to Pavel Livinskiy. 

For instance, the average labor productivity should increase from the current 53 conventional units to 80 conventional units per person, which is already observed in some companies of the Group, is expected as part of operatinig performance improvement. 

As concerns the investment appeal, the Group of Companies plans to achieve ROIC (return on invested capital) at 15%-17%. Such figures are quite real and have already been achieved by Rosseti Volga and Rosseti Center and Volga Region. 

To maintain financial stability, Rosseti Group targets the net debt/EBITDA of max. 3.

"But our personnel, their professional competencies, ambitiousness and ability to address any, seemingly impossible, objectives is the main asset of Rosseti Group. The strategy envisages investments into our employees' development,  support to their careers,  enabling their self-development, in particular, outside the working environment, emphasized Mr. Pavel Livinskiy in the end.




Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index


Site Map
Privacy Statement | Disclaimer