Slovenian energy group GEN-I said it expects its net profit to decline to 23.1 million euros in 2024 from 24.8 million euros recorded last year.
GEN-I forecasts earnings before interest, taxes, depreciation and amortisation (EBITDA) to rise to 45.1 million euros from 36.9 million euros, whereas sales revenue is estimated to grow to 3.6 billion euros from 2.9 billion euros, the company said in a filing with the Ljubljana Stock Exchange last week.
The company recorded a net profit of 24.9 million euro for 2023, down from 29.8 million euro in the previous year. The company recorded earnings before interest, taxes, depreciation and amortisation (EBITDA) of 37.9 million euro in 2023, down from 53 million euro in 2022.
In April 2024, GEN-I issued a five-year green bond worth 50 million euros with an annual interest rate of 5.20% on April 26.
