Nuclearelectrica reached 410 million RON profit in 2018, 33.9 percent more than in 2017

In 2018, SNN Nuclearelectrica obtained a net profit of 410 million RON, 33.9 percent than in 2017, according to its annual report for financial year ended on December 31, 2018.

Operational profit (EBITDA) increased by 17.9 percent as compared to the same period of the previous year, mainly following the increase of operational revenues by 12.7 percent, influenced by the increase by 12.3 percent of the revenues from the sale of electricity.

The operating income increased by 12.7 percent, influenced by the 12.9 percent increase in the weighted average price of the electricity sold in 2018 as compared to the weighted average price in 2017, within the terms of the sale of a total quantity of electricity over the period January 1 – December 31, 2018 similar to the total quantity sold over the period January 1 – December 31, 2017 (only 0.6 percent decrease).

In 2018, SNN did not sell energy on the regulated market (5.7 percent in 2017), the entire quantity of electricity being sold on the competitive market of bilateral contracts and on the spot market. As compared to the same period of the previous year, the quantity of electricity sold on the competition market of bilateral contracts increased by 17 percent, and benefited from an increase of the average sale price on this market by 20 percent (price without Tg), while the electricity quantity sold on the spot market (PZU and PI) decreased by 33 percent, whereas an average sale price on this market lower by nine percent (price without Tg) was registered.