Inter RAO affirms 70 bln rubles 2015 EBITDA forecast, targets 75 bln rubles in 2016
MOSCOW. Nov 27 (Interfax) - Inter RAO confirms it is expecting earnings before taxes, depreciation and amortization (EBITDA) of 70 billion rubles to International Financial Reporting Standards (IFRS) this year, Dmitry Palunin, a member of the electricity holding's management board, said on a conference call.
Palunin said the 2015 forecast might, though, be adjusted to 68-69 billion rubles.
The 2016 target is 75 billion rubles, he said.
Another Inter RAO executive, Ilnar Mirsiyapov, said in September that EBITDA of 70 billion rubles could be expected for the year. The figure was 57.8 billion rubles in 2014.
Earlier, Dmitry Palunin forecast EBITDA for the year at 65 billion-68 billion rubles.
Inter RAO says on its website that its biggest shareholder is the state-owned OJSC Rosneftegaz with 27.63%. Federal Grid Company (FGC UES) owns 18.6%, the quasi-treasury stake is 19%, MMC Norilsk Nickel holds around 10%, RusHydro owns 4.92% and the free float is 19.91%.