EPH has increased its economic performance

14. 7. 2016

The consolidated revenues of Energetický a průmyslový holding, a.s. (EPH) in 2015 have increased by 25% compared to the previous year to EUR 4.57 billion and operating profit before the effect of negative goodwill, depreciation and amortisation (EBITDA) reached EUR 1.64 billion (in 2014 EBITDA was EUR 1.39 billion, thus an increase of 18% in 2015).

The relative indebtedness expressed as a ratio of net debt to EBITDA (ie. leverage) decreased significantly to the level of 2.8x, which can be, due to the high proportion of infrastructure assets held by EPH, considered as a very conservative.

In the area of acquisitions of regulated and contracted assets, we have fulfilled our priorities and built EP Infrastructure, the strongest regional infrastructure group. It has become a key economic pillar of EPH. It generates strong and predictable cash flow, which is almost independent of the development of energy prices and other commodities. These activities significantly stabilize the economic results of EPH – and combined with the minimal requirements of EPH’s shareholders for the pay out of dividends – create resources for further growth of the financial profile of the group and for growth through acquisitions in the electricity generation sector in selected European markets,” says Daniel Křetínský, Chairman of the board of EPH.