A solid set of results for EDP, which had not been a foregone conclusion given the group’s exposure to hydro headwinds and high procurement costs. While EBITDA rose materially particularly due to spreads capture by the thermal fleet, surging financial costs and minorities still weighed on the net results. Be that as it may, the overall signal sent was a positive one. EDP confirmed that is is still targeting growth at the net profit level for FY22.
29 Jul 2022
H1 22: a clear sequential improvement
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H1 22: a clear sequential improvement
- Published:
29 Jul 2022 -
Author:
Nicolas Bouthors | Olivier de Wismes -
Pages:
3
A solid set of results for EDP, which had not been a foregone conclusion given the group’s exposure to hydro headwinds and high procurement costs. While EBITDA rose materially particularly due to spreads capture by the thermal fleet, surging financial costs and minorities still weighed on the net results. Be that as it may, the overall signal sent was a positive one. EDP confirmed that is is still targeting growth at the net profit level for FY22.