Recently, Empresas Publicas de Medellín (EPM) delivered a balance sheet in which it assured that in 2021 it had revenues of 25.3 billion pesos, which represents a 28% growth compared to 2020.
Jorge Andrés Carrillo Cardoso, general manager of EPM, indicated that “the operational result of the EPM Group was very positive, with 28% growth compared to 2020″.
Likewise, the company manager assured that the EPM Group's EBITDA in 2021 was $7.4 billion, with a growth of 29% compared to 2020 and a margin of 30%.
EPM's net profit was $3.3 billion, with a margin of 13%, according to the figures presented by the entity.
In addition, EPM highlighted that this figure is mainly explained by a higher operational result, offset by the growth in income tax associated with the better results of the companies in the group and by the recognition of tax by the application of Law 2155 of 2021 'Law on Social Investment'.
In addition, it is due to the lower impact due to difference in contrast with a lower expenditure of 94% compared to 2020 and with a devaluation of almost 16%, as well as a lower expenditure for covid-19 of 95% compared to the previous year.
EPM Matrix Results
In 2021, the parent EPM achieved revenues of $11.3 billion with growth of 14% compared to 2020, achieved an operating result of $3.6 billion with a 25% growth, and an EBITDA of $4.6 billion, with a growth of 27% and a margin of 41%.
In this financial year, the parent EPM achieved a net profit of $3.4 billion, with growth of 32% compared to 2020, and with a net margin of 30%, figures that support the financial strength and confidence of the EPM Group.
According to the information provided by the company, EPM parent in 2021 provided Medellín with resources worth $1.4 trillion pesos, “which allows to generate development for the inhabitants, contribute to the reactivation of the local economy and provide new opportunities for citizens”
Financial situation of the EPM Group
-Total assets: $67.8 billion, with growth of 6%
-Liabilities: $39 billion, with 6% growth
-Assets: $28.8 billion, with an increase of 6%
-Infrastructure investments: $4.2 billion
Financial situation of EPM Matriz
-Total assets: $56 billion, with a growth of 5%.
-Liabilities: $27.9 billion, with 4% growth.
-Assets: $28.1 billion, with an increase of 6%.
-Infrastructure investments: $2.7 billion, of which $1.5 billion corresponds to investments made in the future Ituango hydroelectric power plant.
The balance sheet also highlights that the EPM Group had a financial debt of 40% and EPM Matriz had 39%.
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