EDP released a weak set of results, a new regulation for networks in Portugal and adverse FX has impacted the EBITDA. The net debt decreased thanks to a good cash generation. The new guidance for capex is c.€3bn annually until 2022, essentially to develop onshore wind; the group also forecast an EBTIDA CAGR of 6%, leading to a reduction in the net debt/EBITDA ratio to 3.2x.
12 Mar 2019
Disappointing FY18 results, but reassuring 2022 targets
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Disappointing FY18 results, but reassuring 2022 targets
EDP-Energias de Portugal SA (EDP:FRA) | 0 0 1.5% | Mkt Cap: 10,242m
- Published:
12 Mar 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
EDP released a weak set of results, a new regulation for networks in Portugal and adverse FX has impacted the EBITDA. The net debt decreased thanks to a good cash generation. The new guidance for capex is c.€3bn annually until 2022, essentially to develop onshore wind; the group also forecast an EBTIDA CAGR of 6%, leading to a reduction in the net debt/EBITDA ratio to 3.2x.