Energa has ‘stable performance’ at the end of 2016 – report

Polish energy company Energa stated that its performance in distribution remained stable during the final two quarters of 2016, while its sales and generation “faced headwinds.” The Electrical energy supplier estimated that, during Q4 of 2016, that it earned PLN 502 million, before interest, taxes, depreciation and amortization (EBITDA) were factored in, according to its press release on Wednesday. EBITDA production totalled PLN 122 million, while distribution amounted to PLN 412 million and sales, PLN 19 million. Energa stressed in the statement that it defined EBITDA as not only including depreciation and taxes, but also write-downs of fixed assets. The figure was an improvement on Q3 results, during which time earnings (EBITDA) were PLN 439 million. The company announced that in Q4, gross electricity generation was 1,233 GWh, distribution of electricity 5,442 GWh and electricity sales (detail) 5.262 GWh.