polyczyno_poland_upper

Outlook 2017

Full-year expectations 2017

The outlook for 2017 compared to actual figures for 2016 and 2015 is presented in the table below:
 MEUR Actual 2015
Actual 2016
Restated 2016***
Oulook 2017
Net production (GWh)*
354 372
380
370 – 390
Revenue
47
47
53
51-53
Revenue from Associates 12

13

9

7-9

Total revenue
59

59

62

58-62

EBITDA**
29
30
36
33-35
EBITDA from Associates
8
10
8 6-8
Total EBITDA 38

41

43

39-43

EBITDA margin 64%

69%

69%

67% – 69%

* For consistency, the above production figures are presented without Wormlage and Tiefenthal wind farms, sold in July 2015.
** Adjusted for Income from Associates and Special Items.
*** Including 100% of La Castilleja PV plant (for more details, please refer to Note 34 of the Annual Report 2016).