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Veolia Energy Varna EAD (Bulgaria)

Main Activities: Electric Power Generation
Full name: Veolia Energy Varna EAD Profile Updated: July 16, 2020
Buy our report for this company USD 19.99 Most recent financial data: 2019 Available in: English Download a sample report

Veolia Energy Varna (Toplofikacia Varna), which was established in 1986, is the steam heating utility operating in Bulgaria's Black Sea port of Varna. It provides heating energy and hot water to more than 12,000 apartments in the country's third-largest city through a 33 kilometre-long network of pipelines, located in Mladost, Troshevo, Vazrazhdane and Vladislav Varnenchik regions.
In July 2006, Bulgaria's Privatisation Agency launched a tender for the sale of 100% of the steam-heating plant. In October the same year French energy services provider Dalkia International was picked as winner in the tender, in competition with UK-based ENER-G and Czech utility CEZ. The deal, worth EUR 3.45 million, was completed in late January 2007.

Headquarters
zh.k. Vazrazhdane, bul. Yanosh Hunyadi No 5
Varna; Varna; Postal Code: 9000

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Website: https://energy-varna.bg/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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Ratings:
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Incorporation Date:
February 21, 1996
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
Ownership Details
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100%
Subsidiaries
Company Performance
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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
-17.09%
Total operating revenue
11.78%
Operating profit (EBIT)
-727.63%
EBITDA
-25.68%
Net Profit (Loss) for the Period
-172.07%
Total assets
3.87%
Total equity
-11.42%
Operating Profit Margin (ROS)
-4.95%
Net Profit Margin
-8.06%
Return on Equity (ROE)
-8.69%
Debt to Equity Ratio
0.37%
Quick Ratio
-0.15%
Cash Ratio
-0%

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