Bucharest Exchange-listed Premier Energy reports 25% y/y stronger revenues in Jan-Sep

Bucharest Exchange-listed Premier Energy Group, active in the renewable electricity generation and energy supply activities in Romania and Moldova, announced its revenues rose by 25% y/y to EUR 816 million in January-September and by 61% y/y to EUR 303 million in Q3 alone, driven by both organic performance and strategic acquisitions. The net profit, however, shrunk by 58% y/y to EUR 26.5 million.

The normalised EBITDA saw an 8% increase to EUR 72.3 million after a strong Q3 in which it surged by 22% y/y to EUR 19.1 million.