Based on the results of the publication of Interim Condensed
Consolidated Financial Statements (unaudited) for 9 months of 2023
under IFRS, Rosseti Centre, PJSC (ticker – MRKC) – managing
organization of Rosseti Centre and Volga region, PJSC (ticker –
MRKP) prepared and published on its corporate website a presentation
with the operating results of the companies for the corresponding
period and guidance for 2023. The presentation reflects the main
financial and production indicators for 9 months of 2023, as well as
forecast parameters of operating and investment activities in
accordance with the companies’ approved Business Plans and
Investment Program drafts.
As a result of the completed period, the
companies’ production assets continued to increase, reflecting the
results of the successful implementation of the Investment Programs.
The growth in revenue for electricity transmission services for the
company Rosseti Center, PJSC, with a decrease in net supply, was
ensured by the indexation of tariffs for electricity transmission
services; for the company Rosseti Centre and Volga region, PJSC
positive changes of net supply and revenue for electricity
transmission services were noted, in this regard, both companies have
seen a decrease in the level of electricity losses. The volume of
connected capacity of the companies increased by more than 40%,
which, together with the change in pricing for preferential
categories of applicants, also had a positive effect on operating
results. An additional factor in improving the operating performance
was an increase in the number of applications for additional services
in such areas as the implementation of projects for maintenance of
power installations, the construction and repair of outdoor lighting
networks, and the provision of turnkey grid connection services.
As a result of indexing tariffs for electricity
transmission services, reducing losses, increasing revenue from core
and other activities, as well as containing cost growth, it was
possible to ensure an increase in EBITDA and net profit of the
companies for 9 months of 2023 compared to the same period last year.
The presentation of Rosseti Centre, PJSC –
managing organization of Rosseti Centre and Volga region, PJSC can be
found on the link.