Audited Consolidated Financial Performance Indicators
DTEK Energy 2018
Key financial performance indicators for the reporting period:
revenue – UAH 90,786 million
net profit – UAH 4,835 million
capital investments – UAH 7,587 million
tax paid – UAH 15,877 million
Kyiv, 19 April 2019
DTEK Energy disclosed audited consolidated financial statements for 12 months of 2018 that ended on 31 December 2018.
“Today, the key objective of the energy sector is to implement a reform to unlock opportunities for thorough transformations. Building a new industry that will employ European model will allow to create a modern energy sector – competitive, environmentally friendly and able to ensure energy independence of Ukraine,” said Dmytro Sakharuk, director of DTEK Energy. “Even today, we have ramped up the grade G coal production to mitigate the use of anthracite by thermal generation. In 2018, we have produced 24.1 million tonnes, which is 5.3% higher than in 2017 and is the best annual performance in the company’s history. This is an effective support to our strategy aimed at switching energy units to domestic coal. In 2018, we have generated 88% of electricity from domestic coal, which is 10% higher than in 2017. We continue to develop out capacities to enhance the company’s efficiency under the conditions of a competitive electricity market.”
The net profit of DTEK Energy for 2018 was UAH 4.8 billion. Financial performance indicators during the reporting period include entities under the company’s operational management. The financial performance indicators were greatly influenced in a positive way by no losses related to the assets located on the temporary occupied territories of Donetsk and Luhansk regions: total loss from write-off and impairment of the assets and from review of obligations accounted for UAH 4.4 billion in 2017. Strengthening of national currency was the second factor – UAH 0.5 billion of positive effect for the company resulted from exchange rate difference in 2018.
Production costs increased by UAH 13.9 billion YoY. These were mostly determined by an increase in the costs of payroll, purchase of energy resources on external markets, logistics and transportation.
In the reported period, DTEK Energy invested UAH 7.6 billion in the production development, and UAH 16 billion of taxes were paid to central and local budgets.
DTEK develops the energy sector of Ukraine. DTEK’s companies employ 70 thousand people.
DTEK Group companies produce coal and natural gas, generate electricity at thermal power plants and renewable energy power plants, distribute and supply electricity to consumers, develop energy services and the network of charging stations for electric vehicles. DTEK CEO is Maxim Timchenko. The operating holding companies manage enterprises in each of the business streams.
DTEK Group’s production indicators for 2018: the company has produced 27.2 mln tonnes of coal, 1,648 mln cubic meters of natural gas, generated (supplied) 34.8 bln kWh of electric power, of which 677.0 mln kWh have been provided by the renewable energy sources; and transmitted 43.7 bln kWh of electric power via the grid.
DTEK is a part of SCM. The shareholder of SCM is Rinat Akhmetov.
Find our projects of social partnership at http://spp-dtek.com.ua/.
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This press release may contain forward-looking statements related to the planned measures or future financial indicators of DTEK ENERGY. Words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘forecast’, ‘intend’, ‘may’, ‘plan’, ‘project’, ‘predict’, ‘should’ and ‘will’ or the negatives of these terms or variations of them and similar expressions are intended to identify such forward-looking statements. Accordingly, actual results may differ materially from those expressed or implied by the forward-looking statements. We undertake no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. By their nature, forward-looking statements are subject to numerous assumptions, risks and uncertainties. Such risks include concerns over the general economic status, environment and risks associated with doing business in Ukraine, significant technological and environmental changes in our sector, as well as many other risks specifically applicable to DTEK ENERGY and its business.