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Name | Symbol | Market | Type |
---|---|---|---|
EDP Renovaveis SA (PK) | USOTC:EDRVY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.12 | 12.63 | 627.76 | 0.00 | 21:07:28 |
By Giulia Petroni
EDP Renovaveis SA said Thursday that profit and revenue fell in the first quarter of the year.
The Portuguese renewable-energy company reported net profit of 38 million euros ($46 million) compared with EUR62 million a year earlier.
Earnings before interest, taxes, depreciation and amortization came in at EUR269 million from EUR340 million, as performance was partly hit by weather events in the U.S. and foreign-exchange effects.
Revenue was down 8% on year to EUR448 million, mainly due to the impact of sell-down transactions on its power capacity, lower selling prices and forex transactions.
EDPR said it produced 8.1 terawatt hours of clean electricity in the period, a 5% increase on year.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 13, 2021 02:38 ET (06:38 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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