Q1 2025 Ignitis Grupe AB Earnings Call Transcript
Key Points
- Ignitis Group AB (STU:IGV0) reported a 3.7% year-over-year increase in adjusted EBITDA, reaching EUR188.5 million.
- The company expanded its green capacity portfolio by 0.5 gigawatts to 8.5 gigawatts, including significant acquisitions in Lithuania and Estonia.
- Ignitis Group AB maintained a robust balance sheet with a net debt to adjusted EBITDA ratio of 2.98 times.
- The company successfully executed several projects, including the first Kermia wind farm and progress in its solar portfolio in Latvia.
- The strategic plan for 2025-2028 aims to invest EUR3 billion to EUR4 billion, focusing on green capacity and network expansion, with a target of 4 to 5 gigawatts of installed green capacities by 2030.
- Adjusted net profit decreased by 4.3% to EUR107.8 million, primarily due to higher interest expenses.
- The green share of generation decreased by 19.3 percentage points to 68.7%, attributed to higher electricity generation at the Elektryna complex.
- Total greenhouse gas emissions increased by 22.8% year-over-year, driven by new services at the Elektryna complex.
- The customers and solutions segment reported a negative EBITDA of EUR14.2 million, impacted by natural gas supply results and lower electricity supply results.
- Return on capital employed decreased by 2.2 percentage points to 8.9%, due to the lag between capital deployment and returns realization.
Good day, and thank you for standing by. Welcome to the Ignitus Group 3M 2025 earnings call and strategic plan 2025 to 2028 presentation. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Head of Investor Relations, Aine, please go ahead.
Good afternoon, ladies and gentlemen. Welcome to Ignitis Group's earnings call.
Today, we will present the results for the first three months of 2025 and outline our strategic plan for the period of 2025 to 2028. We will also address any questions you may have. Please be advised that today's presentation contains forward-looking statements subject to risks and uncertainties. These statements reflect management's current beliefs, expectations, and assumptions, and actual results may differ materially.
With that, I now invite the management team to commence the presentation.
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