Unipro Group publishes unaudited financials for 3M 2022 in accordance with the International Financial Reporting Standards (IFRS).
In January–March 2022, Unipro Group’s revenue grew by 30.3% as compared to the same period of 2021 amounting to RUB 28 bn. EBITDA amounted to RUB 11.4 bn (+65.9% as compared to Q1 2021). Underlying net profit increased by 81.6% up to RUB 7.4 bn.
Payments made under the Capacity Supply Agreement (CSA) for Power Unit No. 3 of Berezovskaya GRES have significantly increased the revenue for Q1 2022, as compared to 2021.
The financials for the reporting period grew, inter alia, due to the following drivers:
At that, the financial statements of Unipro Group for Q1 2022 showed an impairment of assets for RUB 19 bn caused by a change in the forecast of macroeconomic indicators against the backdrop of the geopolitical situation.
Unipro Group’s key financials for Q1 2022 in accordance with IFRS
(RUB’000)[1]:
3M 2022 |
3М 2021 |
Dynamics |
|
Revenue |
28,013,237 |
21,499,872 |
30.3% |
EBITDA[2] |
11,403,958 |
6,875,659 |
65.9% |
EBIT[3] |
9,412,729 |
5,080,934 |
85.3% |
Underlying net profit[4] |
7,442,184 |
4,097,532 |
81.6% |
[1] Unipro Group’s key financials as per the management accounting records in accordance with IFRS.
2 EBITDA is defined as earnings before interest, taxes, depreciation and amortization, and other one-offs.
3 EBIT is defined as earnings before interest, taxes, depreciation, and other one-offs.
4 Base net profit adjusted for depreciation and other one-offs.