Electrica Group recorded a net profit of RON 620.4 million (around 125 million euros) in 2023, up 11%, according to preliminary data submitted to the Bucharest Stock Exchange.
In 2023, at the level of Electrica Group, EBITDA recorded an increase of 27.1%, to RON 1,732.7 million (349 million euros)
The increase in EBITDA was mainly generated by the operational performance of the distribution segment, against the background of the increase in revenues from electricity distribution by 30%, to RON 4,411.5 million.
The operating profit registered an increase of 22%, to RON 1,011.1 million, due to the positive impact of RON 688.6 million generated by operational expenses, an impact diminished by the decrease in operating income by RON 506.4 million.
The net profit for 2023 registered an increase of RON 61.6 million (11%). The amount is generated mainly as a result of the performance of the distribution segment, in the context of the decrease in electricity costs for CPT coverage, as a result of the implementation of the MACEE centralized procurement mechanism. According to it, the producers must sell 80% of the available energy for RON 450/MWh, impact diminished by the increase in the volumes of electricity needed to cover losses in the network.
