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EDP Renováveis, S.A. (EDRVF)
| Previous close | 13.55 |
| Open | 13.52 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 13.52 - 13.52 |
| 52-week range | 12.94 - 22.70 |
| Volume | |
| Avg. volume | 1,941 |
| Market cap | 13.864B |
| Beta (5Y monthly) | 0.57 |
| PE ratio (TTM) | 40.97 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.21 (1.58%) |
| Ex-dividend date | 02 May 2024 |
| 1y target est | N/A |
- Reuters
Portugal's EDP to change its global structure, eyes relevant cost cuts
Portugal's main power utility EDP has launched an internal restructuring to streamline its worldwide organisation, focus on growth and achieve cost cuts in a challenging market environment, its CEO told Reuters on Wednesday. Miguel Stilwell d'Andrade said "the global context is more difficult than a year ago as energy prices are much lower now, reducing EDP's revenues, and interest rates are expected to remain higher for longer". "We have to act... it will be a deep internal restructuring that will simplify, streamline the organisation and increase efficiency," he said, adding that it was needed to help EDP meet its strategic goals.
- Reuters
EDP's 2023 profit rises 40%, misses forecasts due to one-offs
Portugal's largest utility EDP reported on Thursday a 40% jump in 2023 net profit, driven by higher hydroelectric production in Iberia and more earnings from its Brazilian business, but still missed expectations due to one-off losses. EDP-Energias de Portugal netted 950 million euros ($1.03 billion), while analysts polled by LSEG had expected, on average, a profit of 1.2 billion euros. Profit reported earlier by its wind and solar unit EDP Renovaveis plunged 50% to 309 million euros as revenues fell.
- Reuters
EDP plans wider Asian role with renewable power supplies to Japan, Korea firms
SINGAPORE (Reuters) -The renewables unit of Portugal's largest utility, EDP, is in talks to sell power directly to Japanese and Korean companies as a way to boost growth in Asia, an official said, a departure from its traditional contracts with state entities. The unit, EDP Renovaveis SA (EDPR), aims to invest 21 billion euros ($23.12 billion) in renewables over the next four years, 80% in North America and Europe, but is betting on deals with corporates to break into the Asia-Pacific region. "We're actually in negotiation.. and actually starting to open up to the Japanese and South Korean corporates, which can itself be a huge enabler for growth," Pedro Vasconcelos, the chief operating officer for Asia-Pacific, said in an interview.
