According
to the prepared in accordance with the Russian Accounting Standards
statements for 9 months of 2022, revenue of Rosseti Centre and Volga
region, PJSC (the ticker - MRKP) was 80 697,4 mln RUB, including from
electric energy transmission – 78 018,8 mln RUB, from grid
connections – 1 641,0 mln RUB, and other revenue – 1 037,6 mln
RUB. Sales profit1 was 13 438,4 mln RUB. Earnings before
interest, taxes, depreciation and amortization (EBITDA2)
reached 20 906,0 mln RUB, EBITDA margin slightly decreased (-0,1
p.p.) against the same period last year and was 25,9%.
Data in million
RUB, unless specified otherwise
Indicators
|
9M
2022
|
9M
2021
|
Change
|
Revenue (total), including:
|
80 697,4
|
76 866,8
|
+5,0%
|
Revenue from electric energy transmission
|
78 018,8
|
74 696,6
|
+4,4%
|
Revenue from grid connection
|
1 641,0
|
1 255,9
|
+30,7%
|
Other revenue
|
1 037,6
|
914,2
|
+13,5%
|
Cost of sales
|
66 602,2
|
63 635,2
|
+4,7%
|
Sales profit1
|
13 438,4
|
12 563,1
|
+7,0%
|
Sales profit margin, %
|
16,7%
|
16,3%
|
+0,4 p.p.
|
EBITDA2
|
20 906,0
|
19 957,0
|
+4,8%
|
EBITDA margin, %
|
25,9%
|
26,0%
|
-0,1 p.p.
|
Net profit
|
8 244,3
|
9 013,1
|
-8,5%
|
Net profit margin, %
|
10,2%
|
11,7%
|
-1,5 p.p.
|
Amount of electric energy transmitted, million kWh
|
35 302,4
|
35 202,5
|
+0,3 %
|
Electric energy losses, %
|
7,01%
|
6,84%
|
+0,17
p.p.
|
Indicators
|
As of 31.09.2022
|
As
of 31.12.2021
|
Change
|
Total assets
|
152 956,4
|
146 494,8
|
+4,4%
|
Net assets
|
86 320,9
|
81 145,6
|
+6,4%
|
Borrowed funds
|
27 197,0
|
26 928,9
|
+1,0%
|
Cash and cash equivalents + Financial investments (short-term)
|
8 753,3
|
437,9
|
+1 898,9%
|
Net debt3
|
18 443,7
|
26 491,0
|
-30,4%
|
[1]
Revenue
net of cost of sales, selling and administrative expenses
|
[2]
EBITDA
is calculated as follows: Profit before tax + Interest payable +
Depreciation
|
[3]
Net
debt is calculated as follows: long-term borrowed funds +
short-term borrowed funds – cash and cash equivalents –
short-term financial investments
|
The
volume of electricity transmission services, compared to the same
period last year, increased by 0,3% and amounted to 35 302,4 million
kWh, which is due to the climatic factor because of colder
temperatures and increased consumption by the population. The level
of electricity losses increased by 0,17 p.p. and amounted to 7,01%.
The main factors of the change are: the consolidation of assets in
the Ivanovo region and the Udmurt Republic, as well as changes in the
structure of electricity consumption. In the comparable conditions in
2021, the losses were 6,81%, which is below the base period by 0,03
p.p.
The
revenue for electricity transmission services following the results
of 9 months of 2022 increased by 4,4%, compared to the same period in
2021, by changing the boiler tariff for electricity transmission from
1 July 2022. The increase in the revenue from grid connection by
30,7% is associated with the execution of major grid connection
contracts. As a result of the ongoing work to increase the volume of
additional services provided to consumers of electric energy, other
revenue increased by 13,5% and amounted to 1 037,6 mln RUB.
The
cost of sales following the results 9 months of 2022, compared to the
same period last year, increased by 4,7% and amounted to 66 602,2 mln
RUB, which is due to the planned increase in operating expenses,
including the cost of electricity to compensate for losses, and the
growth of other uncontrollable expenses.
The
EBITDA2 indicator increased by 4,8% and amounted to 20
906,0 mln RUB. The net profit decreased by 8,5% to 8 224,3 mln RUB.
The decrease in the profit compared to the same period last year is
due to an increase in interest expenses due to the changes of the key
rate of the Bank of Russia.
The
Company’s total assets as of 30 September 2022 were 152 956,4 mln
RUB (as of 31 December 2021 – 146 494,8 mln RUB). The Company’s
net assets increased by 6,4% and reached 86 320,9 mln RUB. The net
debt3 decreased by 30,4% and amounted to 18 443,7 mln RUB.
The
Company’s statements for 9 months of 2022 can be found at:
https://www.mrsk-cp.ru/stockholder_investor/disclosure_reporting_info/finansovaya-informatsiya-i-otchetnost/bukhgalterskaya-otchetnost-mrsk-tsentra-i-privolzhya/. 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
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