Q1 2021 results were sizeably up YoY
Iren posted a sound increase YoY, a tad above our expectations: revenues grew by around 6% in Q1 2021 YoY, EBITDA 14%, EBIT 26.7%, net income 44.2%, while net debt decreased by around 1% vs. the level reached as at the end of 2020. The main drivers were: higher electricity prices (ca. +50% YoY) and demand (ca. +2%), hydroelectric and co-generative production, RAB and thus tariff revenues, efficiencies, customer base and unitary margins. MandA contributed wit ....
13 May 2021
Q1 2021 results sizeably up, FY guidance a tad higher
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Q1 2021 results sizeably up, FY guidance a tad higher
- Published:
13 May 2021 -
Author:
Michi Dario DM -
Pages:
8
Q1 2021 results were sizeably up YoY
Iren posted a sound increase YoY, a tad above our expectations: revenues grew by around 6% in Q1 2021 YoY, EBITDA 14%, EBIT 26.7%, net income 44.2%, while net debt decreased by around 1% vs. the level reached as at the end of 2020. The main drivers were: higher electricity prices (ca. +50% YoY) and demand (ca. +2%), hydroelectric and co-generative production, RAB and thus tariff revenues, efficiencies, customer base and unitary margins. MandA contributed wit ....