The consolidated revenues of Energetický a průmyslový holding, a.s. (EPH) for 2014 amount to EUR 3.665 billion, which, converted to the Czech crown, is just over the CZK 100 billion threshold. Compared with last year, this is up by EUR 477 million (approximately CZK 13.1 billion).
Earnings before interest, taxes, depreciation, amortisation and negative goodwill (EBITDA), a key ratio, reached some EUR 1.394 billion (approximately CZK 38.4 billion), confirming EPH’s position as one of the Czech Republic’s three largest firms. The EBITDA has grown by nearly EUR 200 million yoy. The value of EPH assets dropped yoy (from EUR 12.4 billion in 2013 to EUR 10.3 billion by the end of 2014) due to the sale of EPH’s stake in the gas trader SPP, a.s. On the contrary, consolidated free cash flows from operating activities (FCF before changes in debt, interest payments and payments to shareholders) increased by EUR 285 million yoy.
Daniel Křetínský, Chairman of the Board of EPH, said:
Mr. Křetínský added:
(data consolidated, according to IFRS, audited)