Profil:
Energa SAEnerga power sees need for impairment charges of around PLN 430 million
Poland's largest energy concern Orlen's subsidiary power utility Energa has identified the need to make write-downs for a total amount of approximately PLN 430 million (EUR 102.7 mln), of this amount approximately PLN 360 million (EUR 86 mln) is attributable to RES assets in the area of electricity generation for which transaction decisions have been made in 2023, stated the company in a market filing.
The events will reduce the group's pre-tax result in 2024 by PLN 430 million (EUR 102.7 mln).
The remainder of the write-downs mainly relate to coal and district heating assets.
As stated, the events are of a non-cash nature. They will reduce Energa Group's pre-tax result for 2024 by approximately PLN 430 million, but will not affect EBITDA.
The final results of the tests and the value of the write-downs will be presented in Energa Group's consolidated financial statements for 2024.
mcb/ han/