1 Jun 2017 16:46

Inter RAO forecasting 100 bln rubles 2017 EBITDA

MOSCOW. June 1 (Interfax) - Inter RAO is forecasting 100 billion rubles in EBITDA to International Financial Reporting Standards (IFRS) in 2017, the electricity holding's head, Boris Kovalchuk, told reporters.

"We're hoping it'll be level with last year, with some added indexation, so around 100 billion rubles to IFRS," he said.

Management has said it is working towards achieving 2017 financial results that are no worse than last year's.

EBITDA to IFRS grew 1.3-fold last year to 96.3 billion rubles but fell 10.8% to 28.9 billion rubles in Q1 2017.