OREANDA-NEWS. November 10, 2015 IDGC of Centre’s management took part in the Conference "Utilities Day" organized by the FG "BCS". The event was attended by large electricity and investment companies: PJSC "Rosseti", PJSC "Inter RAO UES", PJSC "Enel Russia", PJSC "RusHydro", CJSC "Gazprombank - AM", CJSC "Managing Company "Investment Standard", CJSC "VTB Capital AM", as well as representatives of the Ministry of Economic Development of the Russian Federation.

IDGC of Centre at the conference was represented by Deputy General Director for Economy and Finance Sergey Rumyantsev and Head of IR Division Sergey Ternikov. As part of the "Utilities Day" several meetings with representatives of investment companies were held. Their main topic to discuss was the company’s performance for 9 months of 2015 and forecasts for the end of 2015. Thus, during this period the revenue of IDGC of Centre under RAS totalled 57.8 billion rubles, earnings before interest, taxes, depreciation and amortization (EBITDA[1]) reached the level of 11.6 billion rubles, while the indicator margin rose to 20.1%. Net profit amounted to 0.9 billion rubles. Particular attention was paid to the results achieved in improving the reliability and quality of electricity supply to consumers. As noted by the representatives of IDGC of Centre’s management, a reduction of electric energy losses was achieved in comparable terms from 8.69% for 9 months of 2014 to 8.57% for 9 months of 2015 due to the implementation of the program on energy conservation and energy efficiency. In addition, plans were announced to continue the reduction of IDGC of Centre’s controllable costs and optimization of investment expenses, which should positively affect the company’s performance for the year.