EDPR 1st Half Earnings, Revenue Rose on Increased Selling Prices, Generation
July 27 2022 - 2:00AM
Dow Jones News
By Giulia Petroni
EDP Renovaveis SA said Wednesday that earnings and revenue rose
in the first half of the year, mainly driven by an increase in
average selling prices and generation.
The Portuguese renewable-energy company said net profit came in
at 265 million euros ($269.4 million) from EUR142 million in the
same period a year earlier.
Earnings before interest, taxes, depreciation and amortization
increased to EUR976 million from EUR654 million, while EBIT rose to
EUR640 million from EUR364 million.
Revenue rose to EUR1.24 billion from EUR856 million the previous
year.
EDPR said installed capacity increased by 1.2 gigawatts on year
to 13.8 GW, and that it generated 17.8 terawatt hours of clean
energy in the first half.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 27, 2022 02:45 ET (06:45 GMT)
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