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EDRVY EDP Renovaveis SA (PK)

30.48
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
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% 30.48 25.00 32.15 0.00 21:22:28

EDPR 1Q Profit, Revenue Fell

13/05/2021 7:53am

Dow Jones News


EDP Renovaveis (PK) (USOTC:EDRVY)
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From May 2021 to May 2024

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   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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