Operating profit (EBITDA) decreased by 4.7% compared with the same period of the previous year, significantly influenced by the increase in the cost of the contribution to the Energy Transition Fund for January 1 – June 30, 2023, which was 149.5% higher than the tax on additional income due for the similar period of the previous year. The main reasons of the increase of this tax are the changes made to the calculation methodology, as well as the increase in the basis for computation, represented by the revenues from the sale of electricity which, in the first half of 2023, are higher than in the first half of 2022.
Operating revenue increased by 20.4% supported by the 19.8% increase in electricity sales revenue. This increase is determined by the 21.5% increase in the weighted average price of the electricity sold in the first half of 2023 compared with the weighted average price of the same period of 2022, considering that a similar total quantity of electricity was sold (-1.3%).
(English version by Loredana Fratila-Cristescu)