Ignitis Group grew in all segments in 2020 - Seite 2

Outlook for 2021

2021 adjusted EBITDA of the Group is estimated to reach EUR 300–310m and increase by 3–6% compared to 2020. The growth is expected to be driven by the Green Generation segment due to the launch of Vilnius CHP waste-to-energy unit and Pomerania Wind Farm, and full-year result of Kaunas CHP which was launched in 2020.

Key financial indicators for the Q4 and 12 months of 2020*

m EUR	2020 2019 Q4	2019 2019 Q4	%	2020	2019	%
EBITDA  APM	107.8	53.1	103.0%	337.4	207.1	62.9%
Adjusted EBITDA APM	92.3	72.2	27.8%	291.6	259.9	12.2%
Adjusted EBITDA margin APM	27.3%	22.9%	3.6 pp	24.8%	22.6%	2.2 pp
Net profit	60.9	15.2	n/a	169.3	59.0	186.9%
Adjusted net profit APM	46.2	31.5	46.7%	126.7	106.0	19.5%
Investments APM	76.0	123.7	(38.6%)	346.8	453.2	(23.5%)
FCF  APM	39.1	(34.1)	n/a	48.0	(189.8)	n/a
ROE APM				10.6%	4.4%	6.2 pp
Adjusted ROE APM				7.9%	8.0%	(0.1 pp)
ROCE APM				9.0%	3.8%	5.3 pp
Adjusted ROCE  APM				7.1%	6.2%	0.9 pp
Net debt/Adjusted EBITDA APM				2.06	3.72	(44.6%)
FFO/Net debt APM				52.1%	19.6%	32.5 pp

*Formulas of the Group’s financial indicators can be found on the Group’s website (link).