OREANDA-NEWS. DTEK, Ukraine's largest energy company, released its audited consolidated financial statements for the 12 months of 2013 that ended December 31, 2013.

ЃgGiven the decline in industrial production in Ukraine, downgrades to the country's credit ratings and the unstable political situation, DTEK's financial and operational indicators in 2013 were generally in line with our expectations. In 2014, we will focus on ensuring the stable operation of the company, improving operational efficiency and concentrating investments in the most promising areas. We will actively develop gas production projects that will become important for improving the country's energy balance. We will continue the large-scale program to continue reconstructing power units and improving the reliability of electricity and heating. Today our main objective is to retain stable work for DTEK's entire production chain from coal mining to electricity generation and transmission to consumers,Ѓh said DTEK CEO Maxim Timchenko on the company's yearend results and plans for the future.

Brief overview of DTEK's financial results UAH million

2013

2012

Change, %

Revenues

92,817

82,581

+12.4%

Adjusted EBITDA

14,960

16,940

-11.7%

Adjusted EBITDA margin

16.1%

20.5%

-4.4 percentage points

Net profit

3,332

5,954

-44.0%

Net profit margin

3.6%

7.2%

-3.6 percentage points

Capital investments

10,310

10,193

+1.2%