The net profit of EDP Renováveis (EDPR) had an annual shooting 32% to EUR 167 million (ME) in 2015, more than expected by analysts, supported by increases in production and average selling price and the strong dollar, the company said.
the fourth largest wind world in installed capacity mentioned that the EBITDA (earnings before interest, taxes, depreciation and amortization) grew 26% to 1,142 ME.
the average estimate of six analysts surveyed by Reuters forecast a 141 ME profit and 1,101 ME EBITDA.
a subsidiary of EDP, said that “the non-recurring events impacted EBITDA by approximately 80 ME, of which 40 ME in the fourth quarter, compared to 12 ME in 2014, as the gain of 125 ME in asset acquisition of control of ENEOP and the negative impact of 72 ME slaughter following the project portfolio optimization and prioritization in areas with solid business fundamentals. “
revenue rose 21% to 1,547 ME last year, compared with an average analyst estimate of 1,519 ME,” of which 9% were derived from ‘ forex ‘(the 110 ME face in 2014, mainly in US dollars, 8% higher production, two of the higher price and the remaining 2% from other effects. “
EDPR had already announced 26 January that the produced electricity grew 8% in 2015 to 21 388 gigawatt hours. supported by an increase in the capacity and resilience of the utilization factor, with positive contributions from all the territories, with the exception of Spain and Brazil.
“The average selling price increased by 9% to EUR 64 per Megawatthora, benefiting from an increase in average selling price across all platforms, “he stressed EDPR, adding that in Europe and in Brazil, the average price rose 3% and 7%, respectively, remaining stable in the uS.
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