DTEK increases EBITDA 65% yoy in 2012
12 March 2013
DTEK (DTEKUA), Ukraine’s largest energy holding, reported a 108.6% increase in 2012 revenue to USD 10.2 bln , a 64.7% yoy EBITDA increase to USD 2.1 bln, and a 68.1% yoy advance in net income to USD 733 mln. Total borrowings grew 35% yoy to USD 2.6 bln. The company estimates its net debt to EBITDA at 1.04x. CapEx reached USD 1.26 bln in 2012, and DTEK aims to further invest USD 1.3 bln in 2013.
Roman Topolyuk: Such steep growth in DTEK’s financials was mainly driven by active acquisitions in all segments of the company’s business – namely coal mining and electricity generation and distribution. The holding’s financials will be supportive for the company when it enters the debt market again to fund the scheduled modernization of its assets.
