In 2021, Electrica SA reported an individual net profit of RON321.8 million, up 7.8% on the year.
At the level of Electrica Group, the net result was a loss of RON553 million, lower by RON941 million on the year, compared with RON388 million profit in 2020. The decline was due mostly to an accelerated increase in costs with the acquisition of electricity.
Its consolidated EBITDA decreased by RON1.08 billion versus 2020, reaching a negative value of RON128 million. The evolution of the consolidated EBITDA was generated mostly by the performance of the electricity supply segment, and was significantly impacted by a sharp increase in electricity purchase prices, plus an increase in costs with the purchase of electricity to cover technological loss in energy grids on the distribution segment.
Electrica Group’s revenue amounted to RON7.17 billion in 2021, up 10.4% from 2020.
On the electricity segment, revenue grew by 15% due to a 12.5% increase in electricity sale prices on the retail market, a 1% advance in the amount of electricity supplied on the retail market, and an increase in revenue from green certificates which had a neutral impact on the supply margin. On the electricity distribution segment, revenue dropped by 0.7% on the year in 2021.
Consolidated costs for the purchase of electricity and natural gas soared by 45.8% on the year to RON5.6 billion.