For the first half of the year, the company reported an EBITDA of 30.4 million euros, marking a substantial increase of 176% compared to the previous year. Concurrently, adjusted EBITDA saw a moderate growth of 5.8%, reaching 16.3 million euros, while adjusted net profit amounted to 6.3 million euros. Amber Grid attributed these financial results primarily to several factors, including increased volumes of gas transmission, higher overall revenue, and reductions in technological natural gas costs.
In a statement, the company’s financial director, Gytis Fomin, noted the significant financial growth achieved during the period. He stated that the robust performance was attributable not only to the elevated gas transmission volumes but also to improved operational efficiencies. Furthermore, Fomin highlighted that the colder winter weather underscored the critical role of the Lithuanian gas transmission system in supporting the energy security of both the country and the wider regional area.
These figures indicate a strong operational period for the gas transmission infrastructure. The substantial year-over-year growth in EBITDA suggests that the company successfully capitalized on increased energy demand and optimized its operational processes throughout the first six months. The reported metrics provide a detailed view of the company’s financial standing and its contribution to regional energy stability.
Topics: #first #half #year
