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Czech energy trader Lumius says 2013 sales fall 4.4%, profit seen down by a half.

February 24, 2014

Czech electricity and gas trading company Lumius recorded sales of CZK 9.5bn (EUR 347mn) in 2013, down 4.4% on the year, CTK news agency reported citing the company's PR agent Libena Nova. The figure missed company's expectations for sales of CZK 10bn.

Lumius expects profit last year to have decreased to CZK 120mn from CZK 224mn in 2012. The drop reflects lower prices and supplies. Lumius supplied 2 TWh of electricity in 2013, compared to 2.5 TWh a year ago. Gas shipments fell to 3 TWh from 4 TWh.

Lumius focuses on electricity and gas supplies to large industrial clients. It has no plans of entering the retail market. The company was set up in 2002. It is owned by entrepreneur Pavel Miklas. Lumius is also active on the Slovak market.

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Source: IntelliNews - Weekly Reports

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