(UPDATED 7.6.2013 – Remote replay of Investor Call – at the end of the article)
  • In the first quarter 2013, which is strong due to seasonality, the consolidated sales reached EUR 548.3 million, consolidated EBITDA EUR 135.7 million and net consolidated debt amounted to EUR 971.9 million
  • Financial performance  remained good in all segments in the first quarter 2013 
  • Long term group financing secured through the EUR 600 mln 2018 maturing bond that was issued in April 2013 and fully refinanced senior secured club loan granted to EP Energy.
  • In May 2013, the parent company of EP Energy, Energetický a průmyslový holding, signed share purchase agreement with Életricité de France on the purchase of 49% share associated with management control in Stredoslovenská Energetika, a.s., where is expected contribution of this company to EP Energy

Benefiting from EP Energy’s low risk profile, we report consolidated EBITDA of EUR 135.7 million in the first quarter 2013. In comparison to the first quarter 2012, our EBITDA has grown by approximately 7.5%. This can be attributed mainly to the changes in the consolidation scope, colder weather conditions and better performance Mining segment. 

There have been no material changes in the group in the first quarter 2013 and we concentrated on efficiency improvement and cost discipline. 

In the area of financing, in our continued effort to maintain an optimal capital structure for the EP Energy’s group and to secure stable long-term financing, we have issued a 5 year senior secured bond in the middle of April 2013, which was used to repay the outstanding EP Energy club loan facilities and EP Energy cancelled unutilized part of its club loan.

EP Energy, a.s. (”group or Group or EPE“) is vertically integrated energy utility that includes 59 companies. In 2012 the Group was the leading heat supplier in the Czech Republic, the second largest power generator in the Czech Republic and the third largest mining company in Germany. Group benefits from relatively low exposure to market developments, as significant majority of EBITDA is generated by regulated assets or assets with long term off take contracts. The key operations are located in the Czech Republic and Germany, with smaller activities also in the Slovak Republic. 


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Forward-looking statements

This press release contains forward-looking statements regarding the future development. These statements are assessments that we have made based on information available to us at the time this document was prepared. In the event that the underlying assumptions do not materialise or additional risks arise, actual performance can deviate from the performance expected at present. Therefore, we cannot assume responsibility for the accuracy of these statements.