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Company profiles
ÉMÁSZ
Full name North Hungarian Electricity Supply plc.
Short name ÉMÁSZ
Sector Electric Utilities
Contact 3525 Miskolc, Dózsa György út. 13.
Phone: +36-46-535-000
Fax: +36-46-347-265
Web: www.emasz.hu
Investor relations Milosovics Gábor
E-mail: gabor [pont] milosovics [kukac] elmu [pont] hu
Phone: +36-1-238-2027
Fax: +36-1-238-2949
Auditor PriceWaterhouseCoopers
Business activity
Its predecessor company belonged to Magyar Villamos Művek (Hungarian Electric Works - MVM) until 1991, when it was transformed into a company limited by shares named ÉMÁSZ Rt. After its privatisation, RWE Plus AG and Energie Baden Württemberg AG acquired ownership stakes in the company. The company supplies electrical energy to the northeastern region of Hungary. In almost all areas, ÉMÁSZ operates in close cooperation with ELMÜ, a partner undertaking under the same ownership, including RWE. The two companies have jointly established Magyar Áramszolgáltató Kft. (Hungarian Power Supply Company). This company aims to gain customers in the liberalised electrical power market, as well as to maintain and increase the market share of the ELMÜ/ÉMÁSZ Group.
Listed securities of the issuer
ÉMÁSZ share
Ticker EMASZ
ISIN HU0000074539
Date of listing 15 Dec 1998
Face value 10,000 HUF
Number of securities listed 3,050,421
Market capitalisation (HUF million) 27,469
Currency of trade HUF
Last price 9,500
Relative change in price 5.49%
Absolute change in price 495
Number of shares in last trade 20
Bid-ask price /
Bid-ask volume /
Last closing price (date / price) 23 May 2013 / 9,005
Opening price 9,450
Average price 9,391.4567
Daily maximum 9,700
Daily minimum 9,140
Annual highest 14,000
Annual lowest 8,355
Total daily turnover (number) 127
Total daily turnover in HUF 1,192,715
Number of trades 17
Period Total daily turnover in HUF Average price
5-day 1,075,190 9,756.7151
30-day 1,242,463 10,503.1651
180-day 1,016,256 10,772.2446
Liquidity measure 30-day average
Bid-ask spread 2.22 %
BLM (EUR 20,000) 22.53 %
BLM (EUR 100,000) 51.99 %
Date of AGM 25 Apr 2013
Last dividend announced (D)
Amount 1,400
Payment day (E day) 13 May 2013
Ex-coupon day (E-7 day) 02 May 2013
ÉMÁSZ
Audited, consolidated, in compliance with IFRS (Business Year: January 1 - December 31)
2010 2011
(thousand HUF) (thousand HUF)
Total revenues 97,707,083 92,677,818
Operating profit (EBIT) 8,883,940 6,350,608
Net income from financial activities -930,954 -1,011,809
Profit before tax 16,445,050 11,544,548
Profit after tax 14,762,295 8,569,402
Dividend per (ordinary) share 1,400.00 HUF 1,400.00 HUF
Fixed assets 80,818,176 86,120,190
Total liabilities 36,629,112 37,002,772
Share capital 30,504,210 30,504,210
Shareholders' equity 62,142,864 66,441,677
Total assets 98,771,976 103,444,449
Number of employees (at business year end) 118 107
Selected financial ratios
Ratios are based on data submitted by the company
2010 2011
Equity ratio 0.58 0.55
Return on assets (ROA) 0.23 0.12
Return on equity (ROE) 0.14 0.08
Non-audited, consolidated, in compliance with IFRS (Business Year: January 1 - December 31)
Key P&L Figures Jan 2011 - Sep 2011 Jan 2012 - Sep 2012
(thousand HUF) (million HUF)
Net sales 69,049,868 65,768
Operating profit (EBIT) 8,199,334 8,963
Net income from financial activities -740,998 -744
Profit before tax 11,549,708 6,560
Profit after tax 9,909,013 8,609
Key Balance Sheet Items 30 Sep 2011 30 Sep 2012
(thousand HUF) (million HUF)
Fixed assets 81,793,644 86,677
Intangible assets 3,450,515 3,426
Tangible assets 64,280,699 69,853
Invested financial assets 14,034,225 10,972
Current assets 17,122,410 16,587
Inventory 835,438 777
Total assets 98,916,054 103,264
Shareholders' equity 67,781,288 70,780
Share capital 30,504,210 30,504
Long-term liabilities 8,642,088 10,186
Short-term liabilities 22,492,678 22,298
Total liabilities and shareholders' equity 98,916,054 103,264
ÉMÁSZ share
Shareholders exceeding 5% stake
Name Shareholding (%) Number of shares
RWE Energy Beteiligungsgesellschaft mbH 54.26 1,655,299
EnBW Energie Baden-Württemberg AG 26.83 818,364
Hungarian Power Companies Ltd. 11.66 355,712
Free Float
7.25%
Last update: 27 Feb 2013
Note: When determining the Free Float for a particular series, all the securities of the company shall be regarded to be publicly held other than (i) the stock of securities held by holders with direct holdings of at least 5% of the total number of securities, (ii) securities in the possession of custodians, provided the certificate available to the custodian verifies that the particular person holds at least 5% of the total number of securities outstanding.
Management Board dr. Marie-Theres THIELL (chairman), dr. KÖVESDI Zoltán Endre, dr. Arndt BRANDENBERG, Hans-Günter HOGG
Supervisory Board Emmerich ENDRESZ (chairman), Martin HERRMANN, Hermann LÜSCHEN, TAKÁCS János, GEMBICZKI Tibor, VASANITS Dezső, Martin KONERMANN
Last update: 31 Mar 2012
ÉMÁSZ
Note: Publications of this issuer are available in Hungarian only.
ÉMÁSZ share
Name of security ÉMÁSZ share
Issuer North Hungarian Electricity Supply plc.
Equity class Ordinary share
Type of security Registered
Form of security Dematerialised
Code of security (ISIN) HU0000074539
Ticker symbol EMASZ
Face value 10,000 HUF
Number of securities listed 3,050,421
Rights to dividends Full year
Listing date 15 Dec 1998
First trading day 15 Dec 1998
Exchange category B
Trading unit
Currency of trading HUF
Tick 5
Trading time
Listing price 7,624