EDP Renewables (EDPR) ended 2014 with profits of 126 million euros, down 7% from the previous year, said on Wednesday the company.
In a statement sent to the Portuguese Securities Market Commission (CMVM), the company points out that “the result before tax amounted to EUR 194 million and income taxes decreased to 16 million euros due to the positive impact of tax reform in Spain with effect on deferred tax assets and liabilities. “
The revenue of EDPR reached 1227 million euros, 40 million less than in 2013, which was due up” to the lower average price in Europe and foreign exchange impacts. “
The earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 17 million euros to 903 million,” reflecting the increase in operational efficiency and lower operating costs partially mitigating the negative impact of the price, “says the company.
In terms of energy production, the company said that managed a global portfolio of 9.0 GW (gigawatts), spread over 10 countries, of which 8.1 GW fully consolidated and 886 MW consolidated by the equity method -. 533 MW [megawatt] through the Wind consortium of Portugal, and 353 MW on participations in Spain and the US
EDPR said that in the last 12 months, added 471 MW to its installed capacity, of which 70% in the US.
The company’s accounts show that the company produced 19.8 TWh (terawatt hours) of energy clean (+ 3% on 2013), given the increased capacity in the period (+0.6 TWh) together with the stable wind resource vs. 2013 (30% load factor).
In a statement sent to CMVM, EDP Renewables said that, according to the current dividend policy, the Board of Directors will propose to the General Assembly a distribution dividends of 35 million euros (0.04 euros per share).
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