REG - Tauron Polska - Statement re Estimated results for 2020/Q4 2020

Tauron Polska Energia SAAnnouncement

16/03/2021 08:10

RNS Number : 3960S
  
Tauron Polska Energia S.A.
  
16 March 2021
  
 

Estimated results for 2020 and Q4 2020
16 March 2021
 
 
 
 
TAURON Polska Energia S.A.
(LEI No: 259400NAPDFBOTNCRL54)
 
 
 
TAURON Polska Energia Capital Group's estimated results for 2020 and Q4 2020
 
 
TAURON Polska Energia S.A. ("Company", "Issuer") presents selected estimated consolidated financial results and operating data of TAURON Polska Energia S.A. Capital Group ("TAURON Group", "Group") for 2020 and Q4 2020.
 
Selected estimated financial results for:
 
(a) 2020
 
Sales revenue and compensations: PLN 20 917 million, including discontinued operations: PLN 483 million 
EBITDA (operating profit increased by amortization and write-offs for non-financial assets): PLN 4 223 million, including discontinued operations: PLN 171 million
 
EBITDA divided into segments:
- Distribution: PLN 3 023 million
- RES: PLN 297 million
- Generation: PLN 172 million
- Supply: PLN 683 million
- Mining: PLN (157) million 
 
EBIT (operating loss): PLN (1 732) million, including operating loss from discontinued operations: PLN (717) million
Gross loss: PLN (2 374) million, including gross loss from discontinued operations: PLN (718) million
Net loss: PLN (2 488) million, including net loss from discontinued operations: PLN (754) million
 
CAPEX: PLN 4 039 million
Net debt as of December 31, 2020: PLN 10 595 million
Net debt / EBITDA ratio as of December 31, 2020: 2.51x
(b) Q4 2020
Sales revenue: PLN 5 629 million, including discontinued operations: PLN 138 million
EBITDA (operating profit increased by amortization and write-offs for non-financial assets): PLN 809 million, including discontinued operations: PLN 80 million
 
EBITDA divided into segments:
- Distribution: PLN 606 million
- RES: PLN 79 million
- Generation: PLN 124 million
- Supply: PLN 43 million
- Mining: PLN (125) million 
 
EBIT (operating loss): PLN (2 618) million, including operating profit from discontinued operations: PLN 76 million
Gross loss: PLN (2 975) million, including gross profit from discontinued operations: PLN 76 million
Net loss: PLN (2 548) million, including net profit from discontinued operations: PLN 42 million
CAPEX: PLN 1 312 million
 
Selected estimated operating data for:
 
(a) 2020
Electricity distribution: 50.26 TWh (including to the final consumers: 48.6 TWh)
Gross electricity production: 12.5 TWh (including OZE: 1.94 TWh)
Heat production: 11.63 PJ
Retail electricity supply: 32.43 TWh
Commercial coal production: 4.54 million tons
Commercial coal sales: 4.08 million tons
(b) Q4 2020
Electricity distribution: 13.32 TWh (including to the final consumers: 12.84 TWh)
Gross electricity production: 3.79 TWh (including OZE: 0.55 TWh)
Heat production: 4.11 PJ
Retail electricity supply: 8.72 TWh
Commercial coal production: 0.96 million tons
Commercial coal sales: 1.11 million tons
 
In the fourth quarter of 2020, the TAURON Group's consolidated financial results were affected by the recognition of impairment losses as a result of the impairment tests carried out on 31 December 2020 and the reduction in the carrying amount of loans granted by the Issuer to Elektrociepłownia Stalowa Wola SA, which reduced the gross financial result of the Group by PLN 3 179 million (no impact on EBITDA).
 
The financial results presented above are estimates and may be subject to change.
 
The final figures will be presented in the consolidated report for 2020, which is scheduled to be published on March 31, 2021.
 
 
Legal basis: Art. 17 sec. 1 of MAR - inside information
 



Enquiries to:




 
TAURON Polska Energia S.A.
3 Ks. Piotra Ściegiennego Street 
40-114 Katowice, Poland
Marcin Lauer - Head of IR 
tel. no. +48 32 774 27 06
Paweł Gaworzyński - Chief IR Officer
tel. no. +48 32 774 25 34
Mirosław Szczygielski - Chief IR Officer
tel. no. +48 516 112 858



 

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