EDP Renováveis presented this morning before the opening of the market, the results for the first three months of this year. The profit was higher than expected by analysts.
The statement sent to the Portuguese Securities Market Commission, the company that has the EDP as the parent, details that net income increased by 32% to 75 million euros. But analysts expected, according to Reuters, that profit if he stayed for 71 million.
EDP Renováveis, which is the world’s fourth largest wind in installed capacity, also revealed that increased clean energy production by 30% in the analyzed period, benefiting “the capacity additions over the last 12 months the highest load factor recorded in all regions, “reads the same statement.
” in Europe, the 7% decrease in average selling price reflects mainly the lower market price in Spain due to weather conditions and the consolidation of ENEOP of assets in Portugal. “
the revenue of EDPR totaled 508 million euros, up 22% than in the first quarter of 2015 thanks “mainly” to increase capacity in operation (+ EUR 73 million) and “superior factor ou use the” (39 million) “mitigated the negative effect of lower price vend “less than 21 million annual comparison
EBITDA. – earnings before interest, taxes, depreciation and amortization – rose 29% to 379 million euros, which is explained by the revenue growth on the one hand, and the descent of 2% in production costs, according to the company.
capex amounted to euro 89 million, with the majority (71%) was channeled to America From north. In absolute value, is 63 million euros, 20 million in Europe and six million in Brazil.
The rise in first quarter profit is a percentage, the same result for 2015 .
The purpose of renewable energy, the International Energy Agency urged Portugal to reduce support so that the country can meet the goal of eliminating the growing tariff deficit by 2020.
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