Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Tauron Polska (75NN)

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Tuesday 13 February, 2018

Tauron Polska

Preliminary results of TAURON for 2017 and Q4 2017

RNS Number : 7423E
Tauron Polska Energia S.A.
13 February 2018
 

13 February 2018

LEI No: 259400NAPDFBOTNCRL54

 

 

Preliminary results of TAURON Polska Energia Group for 2017 and Q4 2017

 

Management Board of TAURON Polska Energia S.A. ("Company") presents selected estimated consolidated financial results and operating data of TAURON Polska Energia S.A. Capital Group ("TAURON Group") for 2017 and Q4 2017.


Selected estimated financial results for 2017:
Sales revenue: PLN 17 416 m
EBITDA (operating profit increased by depreciation, amortization and write-offs related to non-financial assets): PLN 3 544 m

including:
a) Mining segment's EBITDA: PLN (83) m
b) Generation segment's EBITDA: PLN 464 m
c) Distribution segment's EBITDA: PLN 2 283 m
d) Supply segment's EBITDA: PLN 841 m
EBIT (operating profit): PLN 1 805 m
Net profit: PLN 1 388 m
CAPEX: PLN 3 474 m


Selected estimated operating data for 2017:
Commercial coal production: 6.4 m tons
Commercial coal sales: 6.8 m tons
Gross electricity production: 18.4 TWh
Heat production: 12.2 PJ
Electricity distribution: 51.4 TWh (including to final consumers: 49.1 TWh)
Retail electricity sales: 34.9 TWh

 

 

Selected estimated financial results for Q4 2017:
Sales revenue: PLN 4 545 m
EBITDA (operating profit increased by depreciation, amortization and write-offs related to non-financial assets): PLN 667 m

including:
a) Mining segment's EBITDA: PLN (41) m
b) Generation segment's EBITDA: PLN 78 m
c) Distribution segment's EBITDA: PLN 488 m
d) Supply segment's EBITDA: PLN 150 m
EBIT (operating profit): PLN 225 m
Net profit: PLN 194 m

CAPEX: PLN 1 257 m
Net debt as of 31 December 2017: PLN 8 047 m

Net debt/EBITDA as of 31 December 2017: 2.3

 

 

Selected estimated operating data for Q4 2017:
Commercial coal production: 1.8 m tons
Commercial coal sales: 1.8 m tons
Gross electricity production: 4.4 TWh
Heat production: 4.3 PJ
Electricity distribution: 13.1 TWh (including to final consumers: 12.6 TWh)
Retail electricity sales: 9.4 TWh

 


Significant factors impacting Q4 2017 earnings (versus Q4 2016):

a)   financial revenue due to the positive FX differences on the EUR denominated debt which led to an increase of TAURON Group's gross financial result in Q4 2017 by PLN 120 m. In Q4 2016 the FX differences on the EUR denominated debt led to a decrease of TAURON Group's gross financial result by PLN 16 m (no impact on EBITDA),

b)   raising the level of provisions, in particular:

- setting up a provision in the amount of PLN 55 m for the payment of a one-time bonus to the workforce (including in the following segments: Mining: PLN 14 m, Generation: PLN 11 m, Distribution: PLN 23 m, Supply PLN 1 m, Other PLN 6 m),

- increasing the provision due to potential fees related to the transmission easement by PLN 26 m (Distribution segment),

- increasing the actuarial provisions due to the past service cost by PLN 17 m (Mining segment),

- increasing the provision due to a potential increase of the property tax related to grid assets by PLN 27 m (Distribution segment),

c)   dissolving a part of the provision in the amount of PLN 14 m as a contribution towards potential penalties imposed by the President of the Energy Regulatory Office (Distribution segment).

 

The Company states that the figures presented above represent estimated values and may be subject to change. The final values will be presented in the consolidated report for 2017, scheduled to be published on March 13, 2018.

 

Classification of regulated information:

 Article 17 of MAR - inside information

Enquiries to:

 

TAURON Polska Energia S.A.

3 Ks. Piotra Ściegiennego Street 

40-114 Katowice, Poland

Marcin Lauer - Head of IR

tel. no. +48 32 774 27 06

Paweł Gaworzyński - Chief IR Officer

tel. no. +48 32 774 25 34

Mirosław Szczygielski - IR Officer

tel. no. +48 516 112 858

Katarzyna Heinz - IR Officer

tel. no. +48 32 774 25 38

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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