Based
on the results of the publication of Interim Condensed Consolidated
Financial Statements (unaudited) for 6 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 includes key production indicators, as well as financial
results of the companies for the 1st half of 2023. An increase in
revenue was recorded relative to the 1st half of 2022 due to growth
in income from electricity transmission services and an increase in
the volume of grid connection services. Due to the development of the
non-regulated services segment, there was an increase in revenue from
other activities. Earnings before interest, taxes, depreciation and
amortization (EBITDA) increased relative to the corresponding period
in 2022 due to faster growth in revenue relative to the growth rate
of operating expenses. The main positive impact on the growth of
financial results was exerted by such factors as a decrease in the
level of electricity losses, an increase in tariffs for electricity
transmission services, growth in fees for grid connection and an
increase in revenue from value-added services.
Regularly
receiving feedback from representatives of the investment community,
the companies expanded the amount of information disclosed in the
presentation. The presentation materials are supplemented with new
slides on strategic objectives and business models for electricity
transmission. The presentation includes information about the factors
that have the greatest impact on the economy of the companies in the
reporting year. According to the companies’ forecasts, the
implementation of the Business Plan parameters is assessed with high
probability.
Along
with the main task of ensuring the reliability and efficiency of the
electric grid complex, an important area of activity for the
companies is active development and application of the principles of
sustainable development - responsible attitude towards climate and
the environment, improving corporate culture and high social
responsibility. The presentation pays attention to the goals and
results in the implementation of the ESG indicators.
The
presentation of Rosseti Centre, PJSC – managing organization of
Rosseti Centre and Volga region, PJSC can be found on the link. |