Monday, 30 May 2017 Inter RAO Group Consolidated Financial and Operating Results for 1Q2017.
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Guaranteeing Suppliers of Inter RAO Group Announce RAS Financial Results for the First Quarter of 2017

* The following guaranteeing supplier companies have submitted reports: PJSC Mosenergosbyt (Moscow Power Supply Company, MES), JSC St. Petersburg Power Supply Company (PSK), PJSC Saratovenergo (Saratov Power Supply Company), JSC Altai Energosbyt (Altai Power Supply Company), PJSC Tomskenergosbyt (Tomsk Power Supply Company, Tomsk ESK), PJSC Tambov Power Supply Company (Tambov ESK), Power Supply Company of Bashkortostan LLC (Bashenergosbyt LLC, BES)

The dynamics of Inter RAO Group’s operational and financial performance was significantly influenced by the following key factors and events:

  • Acquisition of Bashenergosbyt LLC and its introduction into the Group in December, 2016;
  • Growth in average prices for capacity purchases in most regions where the Group's guaranteeing suppliers operate, due to an increase in the purchase price of capacity in the more expensive sectors of the WECM;
  • Increase in cost of services of grid companies, due to indexation of tariffs for electricity transmission services;
  • Increasing footprint and signing new energy supply contracts with legal and natural persons, as well as continuing to receive customers from third parties, including lacking last resort supplier status;
  • Development of additional paid services segment.

Operating and Financial Results of the Guaranteeing Suppliers:

Indicator Mosenergosbyt PSK Saratovenergo Altaienergosbyt Tomskenergosbyt Tambov ESK BES
Q1 2017 Change Q1 2017 Change Q1 2017 Change Q1 2017 Change Q1 2017 Change Q1 2017 Change Q1 2017 Change
Revenue 84,2 11,9% 33,0 3,3% 5,3 17,1% 3,7 1,8% 3,5 (9,3%) 1,5 14,1%  10,3 10,1% 
Operating Costs 83,3 12,0% 33,0 5,6% 5,2 19,3% 3,7 1,8% 3,3 (10,6%) 1,5 12,7%  9,9 12,1% 
Sales Profit/Loss 0,9 5,0% 0,07 (91,1%) 0,1 (45,0%) 0,02 1,7% 0,1 31,8% 0,008 -  0,4 (25,0%) 
Net Profit/Loss (0,1) (73,0%) 0,2 (76,7%) 0,002 (74,3%) (0,007) - 0,0002 0,0% (0,007) (51,8%)  0,4 52,1% 
Volume of Electricity Sales, billion kWh 23,8 2,9% 10,0 (3,4%) 1,7 3,6% 1,2 (0,4%) 1,2 (21,4%) 0,4 3,1%  0,4 3,0% 

* - in billion roubles if not indicated otherwise

More detailed operational results of guaranteeing supplier companies of the Inter RAO Group at the end of the 1st quarter of 2017 in accordance with RAS are available on official websites of the companies:

Mosenergosbyt PSK Saratovenergo Altai energosbyt Tomskenergosbyt Tambov ESK BES
Press Release in Russian
Press Release in Russian Press Release in Russian
Press Release in Russian
Press Release in Russian Press Release in Russian Press Release in Russian
Statements for Q1 2017
Statements for Q1 2017 Statements for Q1 2017 Statements for Q1 2017 Statements for Q1 2017 Statements for Q1 2017 Statements for Q1 2017

Next material:

Russian power generating companies of the Inter RAO Group publish RAS results for 1Q17
Consolidated
financial statements
prepared according to
IFRS
for 2016 year
View report

Reference

Inter RAO Group is a diversified energy holding serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia actively increasing electricity generation and sales, and developing new lines of business.

The corporate strategy of Inter RAO is focused on making Inter RAO a global energy enterprise, a key player in the global energy market, and Russia's leading electric utility by energy efficiency. Inter RAO Group owns and operates approximately 31.3 GW of installed power generation capacity.

www.interrao.ru