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Tauron PE SATauron power hopes for EBITDA result in 2025 to be no worse than last year
Listed power utility Tauron assumes that the group's EBITDA result in 2025 will be no worse than the year before, the deputy CEO and CFO Krzysztof Surma told a conference.
"We assume that the total consolidated EBITDA for the group will certainly be no worse than the good EBITDA for 2024. Of course, the management's determination will be that this EBITDA will be better year on year, but we promise that it will not be worse," Surma said.
As he indicated, the company assumes a year-on-year increase in EBITDA in the distribution segment and a decrease in the generation segment. In trading, the group expects improved results.
In 2024, Tauron's EBITDA amounted to PLN 6.47 billion (EUR 1.5 bln) against PLN 5.47 billion (EUR 1.3 bln) a year earlier.
The group's capital expenditure reached PLN 5.13 billion (EUR 1.2 bln), up by 17 percent year on year.
"As far as the level of CAPEX is concerned, we are targeting fairly progressive growth. Our strategy targets PLN 100 billion by 2035, which means a year-on-year increase in CAPEX, but we don't want to do it by leaps and bounds. We assume that we will grow around 20 percent year on year," Surma stressed, stipulating that the amount of CAPEX may depend on the availability and profitability of RES investments.
The net debt to EBITDA ratio was 1.7x at the end of 2024.
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