Key financial data

  • 201-1

In the reporting period ended on December 31, 2019, the TAURON Group generated 8% higher sales revenue, as compared to the values achieved in 2018, due to the following factors:

  1. higher revenue from electricity sales (by 12%) – mainly as a result of a 10% increase of the average electricity sales price and a 1% decline of the TAURON Group’s electricity supply volume,
  2. higher revenue from gas sales (by 28%), due to a 6% increase of the gas sales prices and a 21% rise of the volume,
  3. lower revenue from heat sales (by 1%) – lower heat and transmission services sales volume due to the higher outdoor temperatures, as compared to 2018,
  4. higher revenue from the distribution and trading services sales (by 5%), mainly due to an increase of the rate of the distribution service sales to the final consumers as a consequence of the introduction of the application of IFRS 15 Revenue from contracts with customers and the exclusion of the transition fee from the revenue in 2018,
  5. lower revenue from coal sales (by 38%) as a result of a decrease of the coal sales volume by 36%, along with the drop of the coal sales price by 3%, mainly due to the increase in the share of cheaper coal dust in the total coal sales.

In addition, in 2019, the TAURON Group received compensations for the freezing of the electricity prices – the “Electricity Act”, in the amount of PLN 952.7 million.

Structure of the TAURON Group’s sales revenue (except for the compensation) in 2017-20191

TAURON Group’s EBITDA in 2012-2019

The below table presents TAURON Capital Group’s 2019-2017 EBITDA broken down into individual lines of business (segments). Data for the individual segments do not include consolidation exclusions.

Wyniki EBITDA Grupy Kapitałowej TAURON w podziale na Segmenty działalności w latach 2017-2019
EBITDA (PLN ‘000) 2017 2018 2019 Change in % (2019/2018)
Change (2019-2018)
Mining 43 913 -90 262 -499 865 -409 603
Generation 537 024 731 372 984 239 135% 252 867
Distribution 2 282 685 2 465 537 2 605 808 106% 140 271
Supply 841 222 372 471 428 577 115% 56 106
Other operations 118 043 135 032 136 186 101% 1 154
Unassigned items (78 297) (122 066) -55 578 66 488
Total EBITDA 3 617 641 3 492 084 3 599 367 103% 107 283

TAURON Capital Group’s EBITDA in 2012-2019

Distribution, Generation and Supply Segments are the biggest contributors to TAURON Capital Group’s EBITDA.

Change of TAURON Capital Group’s EBITDA in 2017-2019

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