Elektro Ljubljana Reports €103m Revenue for 2018

By , 19 Jun 2019, 13:16 PM Business

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STA, 18 June 2019 - Elektro Ljubljana, the largest of the five companies managing Slovenia's electricity distribution network, posted sales of EUR 103 million for 2018, up from roughly EUR 98 million in the year before. Net profit increased from EUR 14 million to EUR 17 million.

Profit before income tax, depreciation and amortisation (EBITDA) amounted to EUR 48m, with value added per employee, at EUR 95,000, placing Elektro Ljubljana in the top tier of Slovenia's most productive companies.

"This was the most successful business year for us," director Andrej Ribič told the press on Tuesday.

The company invested EUR 37.5 million in the distribution network, the highest amount in the last ten-year cycle, but Ribič said much higher investments were needed if Slovenia is to transition to a low-carbon economy.

The five distribution companies get EUR 123 million in network fees per year for investments. According to Ribič, at least another EUR 50 million would be needed every year.

"Some additional funding will have to be secured if we are to build what we have to build," he said.

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