EBITDA increased by 9%, driven by the networks activities in Brazil after the implementation of the new regulatory framework. Good wind and solar production also helped with EBITDA generated by these two technologies up 74% qoq. The group is pursuing its ambitious asset expansion strategy. 77% of capex was dedicated to growth, 60% of which were dedicated to renewables. Net debt stayed broadly flat. The group should comfortably meets its full-year guidance. Add recommendation confirmed.

31 Oct 2019
Encouraging prospects

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Encouraging prospects
EDP-Energias de Portugal SA (EDP:FRA) | 0 0 1.5% | Mkt Cap: 10,242m
- Published:
31 Oct 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
3 -
EBITDA increased by 9%, driven by the networks activities in Brazil after the implementation of the new regulatory framework. Good wind and solar production also helped with EBITDA generated by these two technologies up 74% qoq. The group is pursuing its ambitious asset expansion strategy. 77% of capex was dedicated to growth, 60% of which were dedicated to renewables. Net debt stayed broadly flat. The group should comfortably meets its full-year guidance. Add recommendation confirmed.