EDP Renovaveis Nine-Month Earnings Rose, Powered by Higher Selling Prices
26 October 2022 - 6:23PM
Dow Jones News
By Kim Richters
EDP Renovaveis SA said Wednesday that earnings and revenue rose
in the first nine months of the year, mainly driven by higher
average selling prices and increased generation.
The Portuguese renewable-energy company said net profit came in
at 416 million euros ($414.6 million), up from EUR148 million in
the same period a year earlier.
Earnings before interest, taxes, depreciation and amortization
increased to EUR1.48 billion from EUR917 million, while earnings
before interest and taxes lifted to EUR963 million from EUR472
million.
Revenue rose to EUR1.74 billion from EUR1.19 billion.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 26, 2022 03:08 ET (07:08 GMT)
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