EDP released FY19 results. EBITDA increased by 12%, to €3.7bn, beating the consensus and our expectations. This increase was mainly driven by the networks activities (the division’s EBITDA was up by 18%), mainly pushed by assets in Brazil. EBITDA of the generation division was up slightly by 8%, thanks to the good wind conditions and a slight catch-up of hydro generation in Q4. The dividend is in line with expectations.
21 Feb 2020
Piggybacking on Networks
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Piggybacking on Networks
EDP-Energias de Portugal SA (EDP:FRA) | 0 0 1.5% | Mkt Cap: 10,242m
- Published:
21 Feb 2020 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
EDP released FY19 results. EBITDA increased by 12%, to €3.7bn, beating the consensus and our expectations. This increase was mainly driven by the networks activities (the division’s EBITDA was up by 18%), mainly pushed by assets in Brazil. EBITDA of the generation division was up slightly by 8%, thanks to the good wind conditions and a slight catch-up of hydro generation in Q4. The dividend is in line with expectations.