EDP Renováveis, S.A. (EDPR.LS)
| Previous Close | 13.22 |
| Open | 13.06 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 13.13 - 13.35 |
| 52 Week Range | 11.72 - 20.58 |
| Volume | |
| Avg. Volume | 981,468 |
| Market Cap | 13.658B |
| Beta (5Y Monthly) | 0.57 |
| PE Ratio (TTM) | 42.35 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.20 (1.52%) |
| Ex-Dividend Date | May 02, 2024 |
| 1y Target Est | N/A |
- Reuters
Portugal's EDP to change its global structure, eyes relevant cost cuts
Portugal's main power utility EDP has launched an internal restructuring to streamline its worldwide organisation, focus on growth and achieve cost cuts in a challenging market environment, its CEO told Reuters on Wednesday. Miguel Stilwell d'Andrade said "the global context is more difficult than a year ago as energy prices are much lower now, reducing EDP's revenues, and interest rates are expected to remain higher for longer". "We have to act... it will be a deep internal restructuring that will simplify, streamline the organisation and increase efficiency," he said, adding that it was needed to help EDP meet its strategic goals.
- Reuters
EDP's 2023 profit rises 40%, misses forecasts due to one-offs
Portugal's largest utility EDP reported on Thursday a 40% jump in 2023 net profit, driven by higher hydroelectric production in Iberia and more earnings from its Brazilian business, but still missed expectations due to one-off losses. EDP-Energias de Portugal netted 950 million euros ($1.03 billion), while analysts polled by LSEG had expected, on average, a profit of 1.2 billion euros. Profit reported earlier by its wind and solar unit EDP Renovaveis plunged 50% to 309 million euros as revenues fell.
- Reuters
EDP weighing Brazil green hydrogen plant for exports to Germany, CEO says
Portuguese power company EDP is preparing substantial investments in Brazil, its CEO told Reuters, including a possible green hydrogen plant that could export to Germany. Brazil may be key to the EDP's energy transition strategy, CEO Miguel Stilwell said, and a new plant in the South American nation could kick off its green energy exports to Europe. "We are participating in a (green hydrogen) auction in Germany, to have an industrial project in Brazil and export," Stilwell said, without providing details on production capacity or the value of such an investment.
