FINANCIAL INFORMATION

In 2020, the turnover of Sadales tīkls amounted to EUR 296.3 million – 24.6 million less than in 2019. The company’s profit was EUR 22.1 million, dropping by 24.8% in comparison to 2019. The financial indicators of the company were mainly influenced by a 5.5% average reduction of tariffs for power distribution system services starting with 1 January 2020, as well as a 3.8% downturn in the volume of power distribution system services that was caused by COVID-19 and the warm weather at the start of the year. Despite the challenges, in 2020 Sadales tīkls managed to improve power supply safety and quality indicators, actively continued the smart meter installation programme, and developed innovative infrastructure solutions. In addition, the company continued raising awareness of domestic electrical safety by carrying out information campaigns.