Nuclearelectrica net profit reached 535 million RON, up by 30 percent in 2019

In 2019, SNN Nuclearelectrica recorded a net profit of 535 million RON, an increase of 30.5 percent compared to 2018.

The operational profit (EBITDA) increased by 8.8 percent of compared to the same period of the previous year, mainly following the increase of operational revenues by 11 percent, influenced by the increase by 12 percent of the revenues from the sale of electricity.

The quantity of electricity sold on the competition market of bilateral contracts decreased by 9 percent, and benefited from an increase of the average sale price on this market by 14 percent (price without Tg), while the electricity quantity sold on the spot market (PZU and PZI) decreased by 34 percent, considering an average sale price on this market higher by 19 percent (price without Tg) was registered.

In 2019, the company sold approximately 12.9 percent of energy on the regulated market (the company did not sell energy on the regulated market in 2018), at a regulated price, following Government Emergency Ordinance no. 114/28.12.2018.

The total value of the investment program for 2019 is 256 million RON (without the component allocated to the payment of the debt service related to long-term loans), a program approved by Resolution no. 6/20.05.2019 of the Ordinary General Assembly of Shareholders of SNN, as part of the Revenues and Expenses Budget (“BVC”) of SNN for 2019.