Its net profit fell 1.9% on the year to RON215 million and its operating profit (EBITDA) dropped 10% on the year to RON380 million in January-March 2020.
The electricity produced and delivered in the National Energy System reached 2,847 GWh in the first quarter of 2020, 4% higher than in the same period in 2019.
Revenues obtained from the electricity market related to electricity deliveries in the first quarter of 2020 reached RON626 million, 5.9% lower than in the year-earlier period.
On the spot market (PZU), the amount of electricity sold in the first quarter of 2020 accounted for 35.4% of the total sales volume, compared with a percentage share of 9.7% recorded in the same period of 2019.
The average energy sale price on the spot market (PZU) achieved by SNN in the first quarter of 2020 was RON184.14/MWh, compared with RON253.26/MWh recorded during the same period of 2019.
The total value of the company’s investment program for 2020 is RON309 million, of which the company had carried out 4.7% in the first three months of 2020.
Nuclearelectrica published Tuesday evening its investment strategy for the next five years. The strategy is required by Order of the Ministry of Economy, Energy and Business Environment and targets the balancing of the economy after the crisis through investments carried out by energy companies. The investment strategy comprises eight major objectives worth a total RON2.3 billion, of which 67%, or RON1.53 billion, is expected to be covered from the company’s own funds.
The company reported total revenue of RON2.3 billion in 2019, up 11% on the year, and a net profit of RON540 million, 31% higher than in 2018.