EDP ​​profit rises 6% and reaches 871 million in 2022 | Energy

EDP’s recurring net income rose 6% in 2022, to 871 million euros. The company chaired by Miguel Stilwell de Andrade attributes the increase in profit to the “good performance of operations international, above all from the activity in energies renewable at Europe It is in the operations in nets in electricity at the Brazil”.

In Portugal, “the extreme droughtthat was verified in “period in 12 months finished The September in 2022”, making the “year hydrological 2021/22, O third plus dry since 1931, penalized tightly you results from the EDP”, says the company’s management in a statement to the market.

Despite the heavy rains in the final stretch of 2022, which allowed the reservoirs under the group’s management to recover storage levels to above-average values ​​(around 70%), improving “the prospects in production at the start in 2023″, Portugal’s contribution to the 2022 consolidated accounts was negative by 257 million euros.

Net profit attributable to EDP shareholders rose 3% to 679 million euros, details the company in the presentation sent to the Securities Market Commission (CMVM).

Earnings before interest, taxes, depreciation and amortization increased by 21% to €4,522 million. It’s a climb in 15% excluding variations foreign exchange, due to the “strong contribution of growth at EDP renewable It is in the nets in electricity at the Brazil”.

On Tuesday, EDP Renováveis ​​announced a 2% increase in profits in 2022, to 671 million euros.

In December, EDP’s net debt totaled 13.2 billion euros, an increase of 1.7 billion euros which, according to the company, “mainly reflect the acceleration of investment, especially in renewables and electricity networks , and the appreciation of the Brazilian real and the US dollar”.

The statement sent to the CMVM states that the executive board of directors will propose to shareholders, led by China Three Gorges, the distribution of a dividend for the 2022 financial year, “in the amount of €0.19 per share, in line with the year previous year and with the dividend policy established in the strategic plan 21-25 [anos de 2021 a 2025]”.

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