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NEK EAD (Bulgaria)

Main Activities: Hydroelectric Power Generation | Electric Power Transmission, Control, and Distribution
Full name: National Electricity Company EAD Profile Updated: September 08, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Bulgaria's state-owned power grid operator NEC (National Electricity Company) was incorporated in 1991. The company is active in the fields of trade, generation, transmission, supply, import and export of electricity. It is also responsible for the construction and maintenance of power generation and transmission facilities. Since September 2008 NEC operates as a subsidiary of the Bulgarian Energy Holding (BEH). NEC owns 30 hydro power plants, with a total installed capacity of 2,713 MW. The company produced 2,999,026 MWh of hydro power in 2012.

Headquarters
ul. Veslets 5
Sofia; Sofia - city; Postal Code: 1000

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Website: http://www.nek.bg

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
December 28, 1991
Key Executives
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Executive Director and Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
Ownership Details
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100%
Subsidiaries
NECO S.A. (Greece)
50%
ZAD Energy AD
48.08%
POD Allianz Bulgaria AD
34%
Company Performance
Financial values in the chart are available after NEK EAD report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net sales revenue
59.04%
Total operating revenue
61.72%
Operating profit (EBIT)
441.32%
EBITDA
314.07%
Net Profit (Loss) for the Period
1303.67%
Total assets
14.22%
Total equity
58.43%
Operating Profit Margin (ROS)
21.82%
Net Profit Margin
23.59%
Return on Equity (ROE)
29.42%
Debt to Equity Ratio
-0.81%
Quick Ratio
1.39%
Cash Ratio
0.63%

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