AB Klaipėdos nafta interim unaudited financial information regarding the nine months of 2020

AB Klaipėdos nafta (hereinafter – KN, the Company) announces the unaudited consolidated (hereinafter – the Group) and separate financial results for the nine months ended 30 September 2020.

• Revenue for the 9 months of 2020 of the Group and the Company comprise EUR 60.8 million and EUR 58.5 million respectively and is lower by 21.2% and 24.2% compared to the same period of 2019 (EUR 77.2 million and EUR 77.2 million respectively).
• Net profit of the Group and the Company for the 9 months of 2020 amounts to EUR 24.2 million and EUR 23.6 million respectively and is 11.5 times and 11.3 times higher compared to the first 9 months of 2019 (loss of EUR 2.3 million and EUR 2.3 million respectively).
• Net profit adjusted of the Group and the Company for the 9 months of 2020 amounts to EUR 9.7 million and EUR 9.1 million respectively and is higher by 7.8% and 1% compared to the first 9 months of 2019 (EUR 9 million and EUR 9 million respectively).
• EBITDA for the 9 months of 2020 of the Group and the Company amounts to EUR 51.2 million and EUR 50.5 million respectively and is higher by 25.5% and 23.8% compared to the same period of 2019 (EUR 40.8 million and EUR 40.8 million respectively).
• EBITDA adjusted for the 9 months of 2020 of the Group and the Company amounts to EUR 36.8 million and EUR 36.0 million respectively and is lower by 29.5% and 31.0% compared to the same period of 2019 (EUR 52.2 million and EUR 52.2 million respectively).

Main finance rations of the Group comparing 9 months of 2020 and 2019:

	9 months 2020 financial results	Change, compared to 9 months 2019	9 months 2020 results (adjusted) (without unrealised exchange rates impact)	Change, compared to 9 months 2019
Revenue	60.8 million Eur	-21.2%	60.8 million Eur	-21.2%
Net profit	24.2 million Eur	11.5 times	9.7 million Eur	7.8%
EBITDA	51.2 million Eur	25.5%	36.8 million Eur	-29.5%

Management comment: