EDPR 1Q Profit, Revenue Fell
May 13 2021 - 1:53AM
Dow Jones News
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)
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