Hotline of power engineering specialists:
28 October, IDGC of Centre held a web conference for shareholders and investors. Its topic was the Company’s performance for nine months of 2016 and forecast figures of the business plan for the year. This was told the conference participants by Deputy General Director for Economy and Finance Sergey Rumyantsev.
According to accounting statements for 9 months of 2016 under Russian Accounting Standards, IDGC of Centre improved the key financial indicators in comparison with the same period last year. The company’s revenue amounted to 61,6 bln RUB, including from electricity transmission — 60,0 bln RUB, the growth compared to the last year was 6,6% and 6,4%, respectively. Earnings before interest, taxes, depreciation and amortization (EBITDA1) increased by 7,8% and reached 12,5 bln RUB. Net profit showed growth by 44,4% compared to the same indicator of last year and amounted to 1,3 bln RUB. According to the forecast figures of the business plan in 2016, IDGC of Centre’s revenue for the year is to reach 85,0 bln RUB, including from electricity transmission — 82,9 bln RUB, from grid connection — 1,3 bln RUB and other revenue — 0,8 bln RUB. Earnings before interest, taxes, depreciation and amortization (EBITDA1) will be 18,1 bln RUB, net profit - 2,3 bln RUB.
IDGC of Centre in the relationship with shareholders and investors is guided by the principles of disclosure and constructive interaction. To improve the quality of the work the company constantly expands its range of communication tools, using new formats. Among them is the organization of meetings with representatives of the investment community within the "Analyst’s Day", participation in discussion forums, competitions and conferences, organization of feedback through Perception Study of IDGC of Centre. IDGC of Centre intends in the future to pay serious attention to this activity. Disclosure, along with the highest level of corporate governance is one of the key components of investment attractiveness, according to the company.
IDGC of Centre’s presentation following the results of 9 months of 2016, including the RAS accounting statements, can be found at: http://www.mrsk-1.ru/investors/presentations/
[1] EBITDA is calculated as follows: net profit + profit tax and other similar mandatory payments + interest payable + depreciation charges