Slovenia: Decreased profit for Elektro Ljubljana in 2019

, SEE Energy News

Elektro Ljubljana is one of five Slovenian electricity distribution companies, the other four being: Elektro Maribor, Elektro Celje, Elektro Primorska and Elektro Gorenjska.

Elektro Ljubljana recorded a net profit in the amount of 14 million euros in 2019, which is 12 % less compared to the previous year. However, recorded profit in 2019 is also 12 % above planned for the year.

The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 45.7 million euros, which is 4 % lower than in 2018, but 7.3 % above the plan for 2019. Sales revenues increased by 2.8 % to 86.8 million euros in 2019, which is also 6 % higher than planned.

Elektro Ljubljana invested some 40 million euros in 2019, which is the highest amount in the past ten years, mainly in the reconstruction of substations and construction of new, 110 kV power lines. The amount invested in 2019 was 7 % above the plan.