EPH confirms its strong performance despite the coronavirus pandemic
15. 10. 2020
- Consolidated sales of the group increased in the 12-month period ending June 30th, 2020 to 8.9 billion EUR (compared to 8.6 billion in 2019)
- During the same period, Adjusted EBITDA nearly reached exceptional level achieved in 2019, i.e. 2.1 billion EUR
Energetický a průmyslový holding, a.s. (“EPH”) achieved very good economic results in the first half of this year, despite the global crisis caused by the coronavirus pandemic. The global decline in economic activity has adversely affected commodity demand and prices. The economic slowdown has had only a very limited impact on the EPH group, mainly due to a high share of regulated and long-term contracted assets, such as gas transmission, distribution and storage, power distribution, heat infrastructure or the power generation from renewable sources such as biomass.
EPH Group thus continuously proves the resilient character of its business model supported by excellent cash conversion, tight control over counterparty credit risk, availability of sufficient level of committed credit lines and liquidity.
Guaranteeing the health and safety of our employees and safeguarding the continuity of the essential energy security service in the countries where we operate remains our key priority in the environment of continuing coronavirus pandemic.
For more information, including definitions of terms (e.g. Adjusted EBITDA), see the presentation available here.
Preliminary Consolidated Financial Information for the 1st half of 2020 is available here.