Following Iberdrola’s results, EDP reported a weak set of Q1-17 results with a decline in profitability; EBITDA declined by -11% to €1,011m, operating profit by -15% and net income was down by -18% to €215m. On an adjusted basis, the group delivered a yoy decrease of -5% yoy with net profit down by -1% yoy. Net debt remained flat YTD at €16bn (+0.6%) mainly due to growth investment in wind projects in the US and Mexico, despite the €0.3bn decrease in net regulatory r
04 May 2017
Weak P&L performance, but cash flow generation is reassuring
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Weak P&L performance, but cash flow generation is reassuring
EDP-Energias de Portugal SA (EDP:FRA) | 0 0 1.5% | Mkt Cap: 10,242m
- Published:
04 May 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Following Iberdrola’s results, EDP reported a weak set of Q1-17 results with a decline in profitability; EBITDA declined by -11% to €1,011m, operating profit by -15% and net income was down by -18% to €215m. On an adjusted basis, the group delivered a yoy decrease of -5% yoy with net profit down by -1% yoy. Net debt remained flat YTD at €16bn (+0.6%) mainly due to growth investment in wind projects in the US and Mexico, despite the €0.3bn decrease in net regulatory r