Income: Not explicitly talked about within the transcript.
EVENTS: Stable year-on-year at 3.9 billion euros.
Net revenue: Increased by roughly 7% to nearly 1.1 billion euros.
Generation of renewable sources: 97% of EDP manufacturing from renewable sources; elevated by 18% yr over yr.
Hydroelectric technology: Increased 66% year-over-year, reaching 9.4 terawatt hours.
EBITDA of the Integrated Iberian Generation: 15% enhance excluding the affect of coal deconsolidation.
EBITDA Electricity Networks: Increased 14% year-over-year; represents 33% of whole EBITDA.
Cost of debt: Decreased from 4.9% to 4.5%.
Net debt: 17.3 billion euros.
OpEx: 2% lower yr over yr.
Installed capability: Up 11% yr over yr.
Earnings in useful resource rotation: Down by 179 million euros in comparison with the earlier yr.
Recurring internet revenue: 1.1 billion euros, a 21% enhance in underlying internet revenue.
Release date: November 8, 2024
For the complete earnings name transcript, please check with the complete earnings name transcript.
EDP SA (EDPFY) achieved 97% renewable technology within the first 9 months of 2024, highlighting vital progress in decarbonisation.
The firm reported a 7% enhance in internet revenue to almost 1.1 billion euros, supported by improved EBITA underperformance.
Hydroelectric manufacturing elevated by 66% year-on-year, reflecting sturdy hydropower assets and contributing to a secure EBITA of €3.9 billion.
EDP SA (EDPFY) is properly positioned to capitalize on knowledge middle progress alternatives in Iberia, with greater than two gigawatts of community entry alternatives.
The firm maintains a powerful concentrate on effectivity, with OpEx reducing 2% year-on-year, serving to to enhance monetary efficiency.
Lower earnings from asset turnover impacted the renewable power section, with EBITA reducing 10% year-on-year.
The firm faces potential dangers arising from the CMEC courtroom case in Portugal, though EDP SA (EDPFY) says the chance of any oblique sanctions is distant.
Operational execution since 2020 has confronted challenges, with some delays within the tempo of set up and operational points.
The depreciation of the Brazilian actual has a restricted affect as a consequence of native forex financing, however nonetheless impacts internet revenue.
Asset turnover earnings are anticipated to return below strain within the close to time period, with related impacts anticipated within the subsequent two transactions for 2025.
Q: Can you present perception into EDP’s progress technique, particularly given the flat internet revenue progress outlook? A: Rui Teixeira, CFO, stated EDP is glad with the consensus for 2025 and highlighted the worth of its diversified portfolio. He talked about plans to extend funding in networks by 50% and highlighted the expansion potential of renewable power, notably within the United States. He additionally famous that EDP has the pliability to rotate between totally different elements of its enterprise in varied geographies.
