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Slovenia's GEN-I expects net profit to decline in 2024

Jun 24, 2024, 5:19:16 PMArticle by Radomir Ralev
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June 24 (SeeNews) - Slovenian energy group GEN-I expects its net profit to decline to 23.1 million euro ($24.8 million) in 2024 from 24.8 million euro recorded last year, it said.

Slovenia's GEN-I expects net profit to decline in 2024
Photo: All Rights Reserved

GEN-I forecasts earnings before interest, taxes, depreciation and amortisation (EBITDA) to rise to 45.1 million euro from 36.9 million euro, whereas sales revenue is estimated to grow to 3.6 billion euro from 2.9 billion euro, the company said in a filing with the Ljubljana Stock Exchange on Friday.

The company recorded a net profit of 24.9 million euro for 2023, down from 29.8 million euro in the previous year. The company recorded earnings before interest, taxes, depreciation and amortisation (EBITDA) of 37.9 million euro in 2023, down from 53 million euro in 2022.

In April 2024, GEN-I issued a five-year green bond worth 50 million euro with an annual interest rate of 5.20% on April 26.

($ = 0.9309 euro)

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