Wednesday, February 25, 2015

EDPR: Net profit in 2014 fell to 126 … – Digital Journal

EDPR: Net profit in 2014 fell to 126 … – Digital Journal

In a statement sent to the Portuguese Securities Market Commission (CMVM), EDP Renewables shows that net interest income amounted to EUR 250 million in 2014, representing a 5% decrease over the previous year.

Net interest grew 3% compared to 2013 ‘with the increase in average net debt (+ 4% vs. 2013) despite the stable cost of debt (5.2% in Dec-14). ”

“The result before tax amounted to 194 million euros and income taxes decreased to 16 million euros due to the positive impact of tax reform in Spain with effect on deferred tax assets and liabilities (Euro30M ) “, reads the document.

The revenue of EDPR came to 1,227 million euros in 2014, 40 million less than the previous year, justified by ‘the lowest average price in Europe and the foreign exchange impacts (-Euro3M, mainly Real). “

” The EBITDA (earnings before interest, taxes, depreciation and amortization) decreased 17 million ‘for 2013 to 903 million (71% EBITDA margin ), ‘reflecting the increase in operational efficiency and lower operating costs (vs. -Euro18M 2013), partially mitigating the negative impact of the price, “emphasizes the company.

In a statement sent to CMVM, EDP Renewables advances that ‘according to the current dividend policy, the Board of Directors will propose to the General Meeting a dividend of EUR 35 million (Euro0,04 / share), representing 28% of consolidated results. “

In December 2014,” EDPR managed a global portfolio of 9 , 0 GW (Gigawatts) spread over 10 countries, of which 8.1 GW fully consolidated and 886 MW consolidated by the equity method (533 MW through the Wind consortium of Portugal, and 353 MW on participations in Spain and the USA) “.

Last year, the company produced 19.8 TWh (terawatt / hour) of clean energy, an increase of 3% compared to 2013, justified by” the increased capacity in the period (+0 6 TWh) together with the stable wind resource versus 2013 (30% capacity factor) “

Digital Money with Lusa

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