Nuclearelectrica posts 477 million RON net profit, up by 14.8 percent in first nine months

In the nine month period ended on September 30, Nuclearelectrica (SNN) registered a net profit of 477 million RON, 14.8 percent higher compared to the similar period of last year. Operation result (EBIT) registered a 3.3 percent increase, and EBITDA a 1.1 percent increase compared to the same period of last year.

Operating profit (EBITDA) increased by 1.1 percent compared to the same period of the previous year. The increase was caused by a decrease in operating expenses, less depreciation and amortization by 5 percent, partially offset by a decrease in operating income of 1.8 percent, influenced by a 2.2 percent decrease in electricity sales revenues.

The operating income decreased by 1.8 percent, determined by the 3.2 percent increase in the weighted average price of the electricity sold in period January 1 – September 30, 2020 as compared to the weighted average price from the same period of 2019, considering the sale of a total quantity of electricity that was higher by 1.2 percent.

The gross production of electricity of the two operational units of Cernavoda NPP was 8,354,013 MWh over the period January 1 – September 30, 2020 (of which 2,389,939 MWh in the 3rd quarter of 2020); from this gross production, the own technological consumption of the Units 3 during operation, and during the outages ensured from own production was of 670 thousand MWh over the period January 1 – September 30, 2020 (of which 205 thousand MWh in the 3rd quarter of 2020).