Strong growth in sales thanks to merchant electricity prices
Sales grew 116% as a result of the higher energy prices (+400% vs Q1). Generation capacity increased by 20 MW to 160MW, excluding the JV in Panama, in which the company only has a 30% stake. In the supply division, the company continues to reduce the number of clients (which started in Q3 21). Clients declined 14% vs Q1 21 and 10% vs Dec 21, with the largest reductions taking place in Spain (-20% vs Q1 21) and ROW (-48%). Energy suppl ....
13 May 2022
Higher debt on rising working capital
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Higher debt on rising working capital
Strong growth in sales thanks to merchant electricity prices
Sales grew 116% as a result of the higher energy prices (+400% vs Q1). Generation capacity increased by 20 MW to 160MW, excluding the JV in Panama, in which the company only has a 30% stake. In the supply division, the company continues to reduce the number of clients (which started in Q3 21). Clients declined 14% vs Q1 21 and 10% vs Dec 21, with the largest reductions taking place in Spain (-20% vs Q1 21) and ROW (-48%). Energy suppl ....