Inter RAO forecasts EBITDA to IFRS at over 85 bln rubles in 2016
MOSCOW. Nov 28 (Interfax) - Inter RAO is forecasting over 85 billion rubles in earnings before interest, taxes, depreciation and amortization (EBITDA) to International Financial Reporting Standards (IFRS) in 2016, company management member Yevgeny Miroshnichenko said during a conference call with analysts and investors.
Therefore, the company confirmed its earlier August 2016 forecast. At that time, Inter RAO expected EBITDA of at least 85 billion rubles. Before, EBITDA was planned at 79 billion-80 billion rubles. In 2015, the company had EBITDA of 71.1 billion rubles.
"Regarding EBITDA we see guidance that it should be more than 85 billion rubles, there do not remain many things connected with one-off factors this year, and now we are laying that out for ourselves and feel that it will be more optimistic than what we said before," Miroshnichenko said.
According to Interfax, the consensus forecast for EBITDA in 2016, based on estimates by investment bank analysts, is 85.5 billion rubles.
Inter RAO manages assets in Russia as well as Europe and the CIS. Total installed capacity of the company's power plants is 32.5 GW. The company is an electricity export-import operator.