Energa with PLN 525 mln EBIDTA in Q4 - prelim. figures

WSE-listed energy firm Energa recorded consolidated EBITDA of PLN 525 million in Q4 2017 and of PLN 2.16 billion for the whole year, according to the company’s estimates. The group produced 4,281 GWh of energy in 2017, distributed 22,068 GWh and sold 20,615 GWh of power in last year. “Cost optimization and sorting out the issues of deals which were not favorable to us is bringing in positive effects. Distribution segment’s good results were achieved at higher network maintenance costs. As is known in the distribution, we plan investments that will limit such costs in the medium and long-term,” Energa CEO Daniel Obajtek said.