EDPR 2021 Profit, Earnings Rose
February 16 2022 - 1:59AM
Dow Jones News
By Giulia Petroni
EDP Renovaveis SA said Wednesday that 2021 profit rose, mainly
driven by higher capital gains, lower financials and a higher
generation year-on-year.
The Portuguese renewable-energy company posted a net profit of
655 million euros ($742.7 million) for the period compared to
EUR556 million a year earlier.
Earnings before interest, taxes, depreciation and amortization
came in at EUR1.76 billion from EUR1.66 billion.
Revenue increased 2% on year to EUR1.76 billion as it benefited
from additional capacity and a higher average selling price, the
company said.
EDPR produced 30.3 terawatt hours of clean electricity in the
period, up 6% on year, it said.
The company will propose a dividend of EUR0.09 a share at the
annual shareholders' meeting.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 16, 2022 02:44 ET (07:44 GMT)
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