The GMS approved the dividend distribution; Electrica published the 2015 Annual Report

Starting with 8:00 (Romania time) on Monday, May 16th 2016, the Q1 2016 results will be available here.

 

On April 28th, 2016 Electrica published the 2015 Annual Report.

 

2015 Dividend

On April 27th, 2016 the GMS approved the distribution of the profit corresponding to the financial year 2015 and the distribution of dividends to Electrica’s shareholders.

 

 

The most recent reports

On May 12th, the Board of Directors appointed Mr. Willem Schoeber as Chairman of the Strategy, Restructuring and Corporate Governance committee and, upon the request of the Trade Registry, clarified the director’s mandate duration for Mr. Willem Schoeber. On April 26th, 2016 the Board of Directors appointed Mr. Willem Schoeber as temporary member, starting with May 1st,  2016.

 

On May 5th, Electrica published a current report regarding its implication in an investigation led by the European Commission into potential state-aid for Romanian petrochemical company Oltchim.

 

All the current reports may be found here.

 

 

 

The most recent GMSs

The General Meeting of Shareholders as of April 27th, 2016 approved Electrica’s and its subsidiaries’ financial statements, the company name change, the profit distribution , as well as the appointment of the financial auditor.

The General Meeting of Shareholders as of March 31st, 2016 approved Electrica’s and its subsidiaries’ 2016 budgets and consolidated CAPEX plan for 2016.

All the GMS documents may be found here.

 

The most recent results

On April 27th, 2016 the OGMS approved the 2015 financial results.The documents are available here.

On March 22nd, 2016 Electrica organised a webcast for investors and analysts for presenting these results. The presentation, as well as the recording of the webcast may be found here.

The rest of financial statements are available here, and the rest of presentations for analysts and investors are available here.

 

 

 

ELECTRICA group, leader in electricity distribution and supply in Romania, in 2015 posted a consolidated net profit of RON 482mln, increasing by RON 69mln, respectively 17%, compared to the similar period of the previous year.

The profit attributable to Electrica SA shareholders, excluding the part attributable to
minority shareholders of subsidiaries, is RON 362.7mln, by 22% higher than in the previous year.
The Board of Directors of Electrica S.A. endorsed and submitted for the approval of the Ordinary General Meeting of Shareholders scheduled for 27 April 2016 the proposal to distribute a gross dividend of RON 0.8600/share for the financial year ended 31 December 2015.

 

You can read here the entire press release referring to 2015 results.