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    EP Energy’s results for the first half of 2013

    EP Energy’s results for the first half of 2013

    • For the first half of 2013, consolidated sales amounted to EUR 935.1 million, influenced by positive seasonal impacts during the first quarter of the year. Consolidated EBITDA stood at EUR 220.3 million and net consolidated debt was at EUR 900.3 million.
    • Financial performance remained stable in all segments during the first half of 2013.
    • Two bond issues are providing long-term financing for the Group.

    The company’s EBITDA for the first half of 2013 was EUR 220.3 million, a 26% increase compared to the first half of 2012. Contributing factors to this result included, in particular, changes in the scope of consolidation, and better performance of the extractive industries due to the use of new IFRS rules.
    EP Energy Group’s capital structure remained stable as long-term financing was based on a EUR 500 million bond issue due in 2019 and a EUR 600 million issue due in 2018.
    No material changes occurred during the first half of 2013. Our focus will remain on maintaining and improving our risk profile and seeking more synergies inside the Group. 

    EP Energy, a.s. is a vertically integrated energy utility comprising 59 companies. In 2012, the Group was the largest thermal energy supplier and second largest electricity generator in the Czech Republic and maintained its position as the third largest coal mining company in Germany. The Group is exposed to a relatively low market risk due to a major part of its EBITDA being generated from assets that are either regulated or covered by long-term supply/purchase contracts. The company primarily operates in the Czech Republic and Germany and, to a lesser extent, in Slovakia.

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