{"id":21585,"date":"2018-04-11T09:22:41","date_gmt":"2018-04-11T08:22:41","guid":{"rendered":"https:\/\/eph23.atelierzidlicky.eu\/?post_type=press-releases&#038;p=21585"},"modified":"2018-04-11T09:22:41","modified_gmt":"2018-04-11T08:22:41","slug":"ep-infrastructure-group-2017-consolidated-results","status":"publish","type":"press-releases","link":"https:\/\/eph23.atelierzidlicky.eu\/en\/press-releases\/ep-infrastructure-group-2017-consolidated-results\/","title":{"rendered":"EP Infrastructure Group 2017 consolidated results"},"content":{"rendered":"<ul style=\"list-style-type: disc;\">\n<li><strong>EBITDA\u00b9: EUR&nbsp;1&nbsp;509 million<\/strong> (EUR&nbsp;1\u00a0393 million in&nbsp;2016, +8%)<\/li>\n<li><strong>Cash generation\u00b2: EUR&nbsp;1&nbsp;364 million<\/strong> (EUR&nbsp;1&nbsp;200 million in&nbsp;2016, +14%)<\/li>\n<li><strong>Sales: EUR&nbsp;3\u00a0104 million<\/strong> (EUR&nbsp;3\u00a0124 million in&nbsp;2016, -1%)<\/li>\n<\/ul>\n<p>Today EP Infrastructure (\u201cEPIF\u201d) Group, a&nbsp;leading European energy infrastructure utility focused on gas transmission, gas, power and&nbsp;heat distribution and&nbsp;gas storage, reported excellent 2017 financial results.\u00a0<\/p>\n<p>The results confirmed the&nbsp;quality and&nbsp;resilience of&nbsp;the&nbsp;group\u2019s operated assets, the&nbsp;majority of&nbsp;which are regulated and&nbsp;\/ or long term contracted.<\/p>\n<p>The consolidated EBITDA for 2017 was EUR&nbsp;1&nbsp;509 million, the&nbsp;year-on-year increase being greater than EUR&nbsp;100 million. Cash generation of&nbsp;the&nbsp;group increased to EUR&nbsp;1&nbsp;364 million, reflecting EPIF\u2019s continued excellence at converting operating profit into free cash flow.<\/p>\n<p>We are also very pleased to confirm that in&nbsp;early 2018 the&nbsp;EPIF Group has been awarded investment grade ratings from rating agencies Moody\u00b4s Investors Service (Baa3), Fitch Ratings (BBB-) and&nbsp;S&amp;P Global Ratings (Preliminary BBB), all with a&nbsp;stable outlook.<\/p>\n<p>Key operating data of&nbsp;EPIF Group in&nbsp;2017 include: close to 65 bcm of&nbsp;gas transmitted (an increase of&nbsp;7% year-on-year), almost 5 bcm of&nbsp;gas distributed, more than 6 TWh of&nbsp;electricity distributed (an increase of&nbsp;5% year-on-year at both), and&nbsp;over 22 PJ&nbsp;of&nbsp;heat delivered (an increase of&nbsp;2%, adjusting for the&nbsp;sale of&nbsp;non-strategic heat industry assets in&nbsp;2016). In&nbsp;addition almost all or the&nbsp;group\u2019s natural gas storage capacity of&nbsp;41 TWh was utilized in&nbsp;2017.<\/p>\n<p>At the&nbsp;beginning of&nbsp;2017, the&nbsp;parent company Energetick\u00fd a&nbsp;pr\u016fmyslov\u00fd holding concluded an agreement on the&nbsp;sale of&nbsp;a&nbsp;31% interest in&nbsp;EPIF Group with a&nbsp;consortium of&nbsp;global institutional investors managed and&nbsp;represented by Macquarie Infrastructure and&nbsp;Real Assets. The&nbsp;EPIF Group is extremely positive with regards to the&nbsp;opportunities both shareholders can bring in&nbsp;the&nbsp;years ahead.<\/p>\n<h6>\n\u00b9 EBITDA represents Profit (loss) from operations less Depreciation and&nbsp;amortization and&nbsp;Negative goodwill<br \/>\n\u00b2 Cash generation represents EBITDA less CAPEX; CAPEX represents Additions to tangible and&nbsp;intangible assets (excl. emission rights and&nbsp;goodwill)<\/h6>\n","protected":false},"excerpt":{"rendered":"<p>EBITDA\u00b9: EUR&nbsp;1&nbsp;509 million (EUR&nbsp;1\u00a0393 million in&nbsp;2016, +8%) Cash generation\u00b2: EUR&nbsp;1&nbsp;364 million (EUR&nbsp;1&nbsp;200 million in&nbsp;2016, +14%) Sales: EUR&nbsp;3\u00a0104 million (EUR&nbsp;3\u00a0124 million in&nbsp;2016, -1%) Today EP Infrastructure (\u201cEPIF\u201d) Group, a&nbsp;leading European energy infrastructure utility focused on gas transmission, gas, power and&nbsp;heat distribution and&nbsp;gas storage, reported excellent 2017 financial results.\u00a0 The&nbsp;results confirmed the&nbsp;quality and&nbsp;resilience of&nbsp;the&nbsp;group\u2019s operated assets, [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"tax-year":[73],"acf":[],"wpml_current_locale":"en_US","wpml_translations":[{"locale":"cs_CZ","id":21584,"post_title":"Hospod\u00e1\u0159sk\u00e9 v\u00fdsledky skupiny EP Infrastructure za rok 2017","href":"https:\/\/eph23.atelierzidlicky.eu\/hospodarske-vysledky-skupiny-ep-infrastructure-za-rok-2017\/"}],"_links":{"self":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/press-releases\/21585"}],"collection":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/press-releases"}],"about":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/types\/press-releases"}],"wp:attachment":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/media?parent=21585"}],"wp:term":[{"taxonomy":"tax-year","embeddable":true,"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/tax-year?post=21585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}