polyczyno_poland_upper

Outlook 2016

The outlook for 2016 published in the Half Year report is unchanged compared to the forecast presented in the Annual Report 2015:

Full-year expectations 2016
The outlook for 2016 compared to actual figures for 2015 and 2014 is presented in the table below:
 MEUR Actual 2014**
Actual 2015**
Oulook 2016
Net production (GWh)
388 361
370 – 390
Revenue
51
47
47 – 49
Revenue from Associates 14

12

10 – 12

Total revenue
65

59

57 – 61

EBITDA*
32
29
29 – 30
EBITDA from Associates
10
8
8 – 9
Total EBITDA 42

38

37 – 39

EBITDA margin 65%

64%

64% – 65%

* Adjusted for income from Associates and Special Items
** Adjusted for “Discontinued Operations”