Polenergia had a net profit of PLN 15.6 million, and EBITDA of PLN 78.9 million in Q4 2021

Polenergia recorded PLN 15.6 million of consolidated net profit in Q4 2021 compared to PLN 30 million profit a year earlier, the company said in the report. The operating profit amounted to PLN 34 million compared to PLN 38.2 million profit a year earlier. EBITDA result in Q4 last year amounted to PLN 78.9 million compared to PLN 55.9 million a year earlier (the adjusted EBITDA was the same). Consolidated sales revenues reached PLN 2,066.9 million in Q4 2021 compared to PLN 481.9 million a year earlier. 

“In 2021, the Polenergia Group achieved a record result in sales revenues - as much as PLN 3,999.4 million. It would not be possible without the significant increase in revenues in the fourth quarter of last year alone. From October to December 2021, the group's sales amounted to PLN 2,066.9 million, which was mainly due to higher revenues from sales in the trading and sales segments by PLN 1,480 million, gas and clean fuels by PLN 63.1 million and onshore wind farms by PLN 24 million ”- we read in the announcement on the results.

“The last dozen or so months confirm that the direction chosen by Polenergia is right. We are one of the largest and most dynamically developing energy groups in the country, whose business model already covers all elements of the energy value chain - from generation to direct sales to business and individual customers. Growing financial results and successfully conducted issue of new shares constitute solid foundations for further growth. We believe that the continuation of the development and construction of zero-emission energy sources will translate not only into greater value for shareholders, but will also add another brick to building a better, sustainable, green future ”- commented President Michał Michalski, quoted in the release.

Polenergia is a Polish company listed on the Warsaw Stock Exchange, acting as a holding company for its operating subsidiaries operating in the field of energy generation from conventional and renewable sources as well as electricity distribution and trading. The Polenergia Group is jointly controlled by Dominika Kulczyk and Brookfield Asset Management Inc. based in Canada.

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