Brief: Ignitis Grupe Q1 Net Profit Up •To EUR 46.8 Million

Ignitis Grupe AB

19/05/2022 07:29

May 19 (Reuters) - Ignitis Grupe AB  IGN1L.VL :
    * Q1 ADJUSTED EBITDA EUR 91.7 MILLION VERSUS EUR 87.4
MILLION YEAR
AGO
    * Q1 NET PROFIT EUR 46.8 MILLION VERSUS EUR 43.0 MILLION
YEAR AGO
    * SUSPENDED NATURAL GAS PURCHASES FROM GAZPROM AND REPLACED
ITS
SUPPLY WITH LNG CARGOES
    * LNG PURCHASES TOGETHER WITH INCREASE IN MARKET PRICES, LED
TO AN
INCREASE IN WORKING CAPITAL NEEDS
    * CONCLUDED CREDIT LINE AGREEMENTS WITH BANKS  OF ABOUT EUR
400
MILLION IN ORDER TO ENSURE MARKET DEMAND AND UNINTERRUPTED GAS
SUPPLY
    * FY 2022 ADJUSTED EBITDA GUIDANCE HAS BEEN INCREASED TO EUR
330–360 MILLION FROM EUR 290–335 MILLION INDICATED IN FY REPORT
2021

Source text:  ID:nGNE7dpgyQ 
Further company coverage:  IGN1L.VL 

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