E.ON Russia Publishes Financial Results According to IFRS for 2015
The company's revenue has not changed significantly comparing to 2014 and amounted to RUB 76.7 bln.
EBITDA in 2015 was down by 5% to RUB 24.9 bln and underlying net income came down 16% to RUB 14.4 bln. This deterioration was mainly due to two - non-recurring - negative effects: The first one is related the outage at Surgutskaya-2 power station in the first half last year and related costs of repair. The second one is related to fines due to the delayed commissioning of the third power unit at Berezovskaya GRES. Without these non-recurring effects, earnings would have exceeded the last year results.