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Financial ratios                                           2020 H1                        2019 H1                      2018 H1                 2020 vs 2019           
Revenue (euro thousand) 24.860 25.965 27.395 -4.3%
Operating Cost (euro thousand) 19.087 19.655 19.790 -2.9%
EBITDA (euro thousand) 11.392 11.358 13.902 0.3%
Profit (loss) before tax (euro thousand) 5.622 6.118 7.447 -8.1%
Net profit (loss) (euro thousand) 7.390 5.043 6.510 46.5%
Total assets (euro thousand) 244.720 217.930 248.995 12.3%
Equity (euro thousand) 145.244 131.068 158.231 10.8%
Working capital (euro thousand) 1.507 5.884 2.111 -74.4%
Net cash flow from operations (euro thousand) 11.046 14.052 15.626 -21.4%
Investments (euro thousand) 48.992 8.816 5.806 455.7%
Financial debt (euro thousand) 87.007 80.329 82.117 8.3%
EBITDA margin 45.8% 43.7% 50.7% 2.1 p.p.
Profit before tax margin 22.6% 23.6% 27.2% -1.0 p.p.
Net profit margin 29.7% 19.4% 23.8% 10.3 p.p.
Current ratio 0.32 0.42 0.24 -23.2%
Equity ratio 57.5% 59.3% 63.1% -1.8 p.p.
Net earnings per share 0.04 0.03 0.04 46.5%

 

 

Consolidated financial indicators of the group for 2019-2020 have been calculated after eliminating the assets or liabilities formed by the funds of the LNG Terminal and bank guarantees and deposited funds of exchange participants. Amber Grid data submitted for 2018.
 
Indicator calculation formulas:
  • EBITDA = Activity plan (loss) + Depreciation and amortisation expenses + Costs of the loss of value + Property write off 
  • Total assets = Fixed intangible assets + Fixed tangible assets + Current assets - Receivable LNGT funds – Bank guarantees and deposited funds of exchange participants
  • Working capital = Current assets - Money and money equivalents – Receivable LNGT funds - Bank guarantees and deposited funds of exchange participants - Amounts payable within one year and current liabilities after elimination of financial liabilities to financial institutions, the property managed by the right of ownership, the payable LNGT funds and Trade payables to exchange participants for gas sold
  • Financial debt = Fixed financial loans + Current financial loans + Current year share of the fixed loans 
  • Current ratio = Current assets after eliminating receivable LNGT funds and Bank guarantees and deposited funds of exchange participants / Amounts and liabilities payable within one year after eliminating payable LNGT amounts and Trade payables  to exchange participants for gas sold
  • Equity ratio = Equity / property after eliminating receivable LNGT amounts and Bank guarantees and deposited funds of exchange participants
 
Annual reports are available here.
 
Amber Grid financial information drafted by the independent investment analysis agency Morningstar is available here.

 

 

 

  

 

 

 

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