The Distribution segment’s operating profit in 2015 increased 27% year on year, to PLN 1,450m, while its EBITDA came in at PLN 2,339m, up by PLN 337m on the year before. The performance improved partly on the back of a PLN 302m (7%) rise in revenue, primarily driven by: (1) a higher tariff for gas fuel distribution services, with the average year-on-year rise of 3%, and (2) the lower quarterly average air temperature in Q1 2015 relative to the same quarter of the previous year.
Despite the PLN 302m increase in revenue, the segment’s operating expenses remained virtually the same − down by PLN 10m (0.3%), which is primarily attributable to reduced employee benefits expenses following the 2015 workforce streamlining as part of the voluntary redundancy programme.
2011 | 2012 | 2013 | 2014 | 2015 | |
---|---|---|---|---|---|
High-methane gas [mcm] | 8 378 | 8 816 | 9 054 | 8 610 | 8 646 |
Propane-butane-air and decompressed propane-butane [mcm] | 3 | 2 | 2 | 2 | - |
Nitrogen-rich gas [mcm] | 557 | 578 | 610 | 568 | 643 |
Coke gas [mcm] | 513 | 527 | 594 | 520 | 534 |
* Own networks.
** Customer − anyone receiving or drawing gas fuel under an agreement with a gas supplier.