The operational and financial performances of the Romgaz Group achieved in the first half of 2020 (S1) remain high, even if they register decreases compared to previous periods.

The consumption of natural gas at national level in the first 6 months of 2020 registered a slight increase compared to the similar period of the previous year (about 1.7%), while the deliveries of Romgaz decreased by 16% due to high consumption of imported gases. Thus, Romgaz’s market share on the Romanian gas supply market is of 36.6%, 7.8% lower than the share held in the same period last year (44.4%).

Natural gas production was of 2,245.7 million cubic meters, by 454.3 million cubic meters less than the production achieved in the similar period of the previous year (-16.8%) and by 415.1 million cubic meters less than the scheduled one (-15.6%).

Romgaz’s electricity production was of 295.23 GWh, higher by 123.57 GWh than the one achieved in the similar period of 2019 (+71.9%). With this production, Romgaz holds a market share of 1.07%.

Total revenues are lower by 679.1 million lei, registering a decrease of 23.3% while total expenditures decreased by 26.8%.

The net profit obtained is 175.1 million lei lower than the one registered in the previous period due to the causes mentioned above (-17.9%).

The margins of the main profitability indicators in Semester 1 2020: net profit (36.51%), EBIT (41.96%) and EBITDA (54.32%), confirm the high profitability of the Romgaz Group’s activity, increasing compared to H1 2019. Compared to the second quarter of the previous year, however, there is a decrease, the results of the second quarter of 2020 being affected by the Covid pandemic.