EPM Announces Year To Date Financial Results

Medellín based utility and public services conglomerate Empresas Públicas de Medellín (EPM) has announced EBITDA of $7.3 billion COP so far this year, with a margin of 31%. The utility earned $23.6 billion in revenue, of which parent EPM contributed $9.8 billion, corresponding to 41%. Foreign subsidiaries contributed 28% and national energy and water subsidiaries 31%. Of these revenues, 67% corresponds to energy distribution and 17% to Power Generation.

EPM Group’s net result was $3 billion with an EBITDA of $7.3 billion

EPM Group’s EBITDA reached $7.3 billion, of which $4.2 billion was contributed by EPM, corresponding to 58%, with a margin of 43%, the national energy and water subsidiaries 24%, and foreign subsidiaries 18%. The distribution segment contributed 50%, generation 27%, transmission 4%, gas 3%, water provision 10% and wastewater and solid waste management 6%. The EBITDA margin was 31%.

Of the $3 billion net result generated by the business group, parent EPM contributed 56%, foreign subsidiaries 15% and national energy and water subsidiaries 29%.

The distribution segment contributed 56%, generation 27%, transmission 4%, gas 3%, water provision 6% and wastewater and solid waste management 4%.1 The group’s net profit margin was 13%. EPM’s parent net income was $2.9 billion, with a margin of 30%. This net income contains the results of the subsidiaries through the equity method of $1.2 billion, which means that the affiliates contributed 42% of the parent company’s result. As of last September, EPM has received dividends from its subsidiaries of $266 billion, of which 83% comes from subsidiaries of the EPM Group and the rest from non-controlled companies.

Currency is Colombian Pesos.