EDP ​​Renovaveis profits 30% until September at 115 million euros – observer



EDP ​​Renovaveis recorded a profit of 115.2 million euros in the first nine months of 2018, a 30% decrease compared to the same period in 2017, according to the information sent by the Portuguese Securities and Exchange Commission (CMVM).

A Madrid-based company listed on the Lisbon Stock Exchange reports that sales totaled EUR 1,239 million in September, up 8% less than a year ago. EBITDA amounted to € 869 million (12% less than the same period in 2017).

The company, which had 12% more than a year ago as of 30 September 1364, revealed that net financial results fell to € 219 million, five million less than a year earlier. Total net investment in the same period amounted to € 1,025 million, an increase of 47% over the same period last year.

In September 2018, EDP Renovaveis managed a global portfolio of 11.2 GW (giga watt) spread over 11 countries and over the past 12 months the portfolio increased by 576 MW (megawatt), of which 303 MW in North America, 147 MW in Europe and 127 MW in Brazil.

In the first nine months of the year EDP Renovaveis produced 20.7 TWh (terawatt) net energy (+ 4% in the same period in 2017), avoids 16.3 million tonnes (mega tonnes) of CO2 emissions, .

EDP ​​Renovaveis created a profit of EUR 276 million at the end of 2017, an increase of 390% compared to 2016. Energias de Portugal, S.A. (EDP) is the largest shareholder of EDP Renovaveis.


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