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Latvenergo AS comment on information published by Dienas Bizness on 25.06.2018
Emitents Latvenergo, AS (213800DJRB539Q1EMW75)
Veids 2.2. Iekšējā informācija
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Datums 2018-06-25 12:16:16
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On 25 June 2018 Latvenergo AS subsidiary Sadales tīkls AS financial forecasts for the year 2018 were published in the newspaper Dienas Bizness. Sadales tīkls AS expects to reach EUR 330 million turnover and EUR 35 million profit this year. The financial forecasts are made based on unaudited interim financial results for the first 3 month of 2018 with the assumption of further implementation of the launched operational efficiency improvement program.

Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
E-mail: investor.relations@latvenergo.lv

www.latvenergo.lv

About Latvenergo

Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade, electricity distribution services and lease of transmission system assets. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.

Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and seven subsidiaries - Latvijas elektriskie tīkli AS (lease of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia

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