All Financial Indicators of DTEK Demonstrate Positive Growth Dynamics
OREANDA-NEWS. On July 29, 2008 DTEK, the leader in fuel and energy sector of Ukraine, has summed up preliminary financial performance in the first half of 2008 on basis of the management reports, reported the press-centre of SCM.
Consolidated sales proceeds of DTEK in January-June 2008 amounted to UAH 6,034m., and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) hit approx. UAH 1,6bn.
All financial indicators of DTEK demonstrate a positive growth dynamics. The company boosted proceeds by 47,8% and EBITDA - by over 60% year on year, while EBITDA margin totalled around 26,5%. Financial performance went up due to output growth in all industrial sectors of DTEK and favourable market conditions.
The first six months of the year saw a number of landmarks with DTEK entering international financial markets. The Company continued developing its credit portfolio through international borrowings.
DTEK raised the first external credit at amount of USD100m from Deutsche Bank in 2007, while this year it added new financial instruments to its list.
In particular, DTEK raised a syndicated USD 150 loan (lead-managers - Barclays Capital PLC и Standard Bank Plc.), as well as a stand-by loan from Erste Bank at amount of EUR50m.
The company also prepared to issue its initial internal bonds for amount of UAH 500m with trading at PFTS started on 28 July.
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