Market announcement

Title

Annual Report of the Consolidation Group 2016

Message

In 2016 Nelja Energia produced a record amount - 615 gigawatt-hours (GWh) of electricity, which is 8% more than a year before. We commissioned a new largest wind farm in Lithuania (Silute 60MW), which produced 130 GWh of electricity. To compare 2016 production like-to-like to 2015, then due to the lower wind regime is 1st quarter 2016 then existing wind farms produced 16% less. 

In 2016 Nelja Energia AS consolidated EBITDA was 36 559 thousand euros (2015: 37 903 thousand euros), assets 454 326 thousand euros (2015: 401 378 thousand euros) and equity 184 857 thousand euros (2015: 176 242 thousand euros). As at 31 December 2016 equity ratio was 40,69% (2015: 43,91%).
The net profit was 8 769 thousand euros.

Regards,
Kalle Kiigske
Member of the Management Board