Publication date: 04.03.21
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Unipro Publishes IFRS Financials for 2020

Unipro Group discloses the data of the audited consolidated financial statements prepared in accordance with the International Financial Reporting Standards (IFRS).

Unipro Group’s revenue in 2020 amounted to RUB 75.3 bln.

A 6.2% decline in revenue was due to a lower power generation by the company’s power plants and decline in DAM prices resulting from:

  • COVID-19 coronavirus disease pandemic and OPEC+ deal;

  • high water and, therefore, high utilisation of hydro power plants;

  • unusually warm weather in 1Q 2020.

EBITDA amounted to RUB 26.4 bln (-10.8% year-on-year).

Underlying net profit amounted to RUB 16.4 bln. A 16.8% decline was due to the factors mentioned above.

Unipro Group’s Key IFRS financials for 2020 (RUB ’000)[1]:

 

2020

2019

Dynamics

Revenue

75,316,709

80,279,710

-6.2%

EBITDA*

26,413,218

29,605,173

-10.8%

EBIT**

20,347,876

23,649,122

-14.0%

Underlying net profit***

16,395,235

19,694,827

-16.8%

* EBITDA is defined as earnings before interest, taxes, depreciation and amortization, and other one-offs.

** EBIT is defined as earnings before interest, taxes, depreciation, and other one-offs.

*** Underlying net profit adjusted for depreciation and other one-offs.

 

 


[1] Unipro Group’s key financials as per the management accounting records in accordance with IFRS