- EDP Renovaveis reported a net income of EU445 million, marking a 7% increase year over year.
- The company’s Ebitda was EU1.43 billion, which was a 3.7% decrease compared to the previous year.
- Over the course of nine months, the revenue of EDPR fell by 5% due to a 7% drop in the average electricity selling price.
- EDPR managed to secure EU393 million from asset rotation gains. These gains were the result of two deals that were closed in Spain and Poland.
- The company’s net financial expenses fell by 13% over the course of the year. EDPR attributes this to lower costs with forex and derivatives.
- Net debt rose to EU6.1 billion at the end of September, up from EU4.9 billion in December. This increase was due to EDPR’s investments in expanding renewable capacity.
- The company’s performance was rated by 24 analysts, with 13 recommending to buy, 9 holding, and 2 selling.
A look at EDP – Energias de Portugal SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
EDP – Energias de Portugal SA is a leading energy provider in Portugal and Spain. Its subsidiaries are also active in Brazil, as well as in France, Belgium and Spain. The company has a long-term outlook that is reflected in its Smartkarma Smart Scores of 3 for Value, Dividend and Growth, and 3 for Resilience and 2 for Momentum.
The company’s scores are indicative of its strong performance in the long-term. Its Value score of 3 indicates that the company is well positioned to deliver consistent returns to its shareholders in the long run. Its Dividend and Growth scores of 3 also signal that the company is committed to providing a reliable and consistent dividend and is in a strong position to grow in the future. The Resilience score of 3 shows that the company is well-prepared to withstand market volatility and is capable of weathering any potential storms.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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