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MarketScreener Homepage  >  Equities  >  Euronext Lisbonne  >  Energias de Portugal    EDP   PTEDP0AM0009

ENERGIAS DE PORTUGAL (EDP)
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Energias de Portugal : EDP Swung to Loss in 3Q as Operating Result Fell by Half

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11/09/2018 | 01:29am EST

By Alberto Delclaux

EDP-Energias de Portugal SA (EDP.LB) swung to a loss in the third quarter, weighed down by a provision and worsened operating performance.

Net loss at the energy group was 83 million euros ($94.7 million) compared with a profit of EUR696 million a year earlier, on revenue that fell 1% to EUR3.75 billion.

Earnings before interest, taxes, depreciation and amortization were halved to EUR688 million, mainly due to a significant one-off gain the year earlier.

On a recurring basis, EDP said Ebitda fell 12%, dragged by a fall in its wind- and solar-power business, as well as its regulated networks unit in Iberia.

The company is currently the target of a takeover bid by its largest shareholder, China Three Gorges Corp. However, the Chinese group's pursuit has slowed recently amid heightened regulatory scrutiny in the European Union and U.S.

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
EDP RENOVÁVEIS -0.19% 7.95 Delayed Quote.2.44%
ENERGIAS DE PORTUGAL 0.07% 3.072 Delayed Quote.0.69%
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Financials (€)
Sales 2018 14 460 M
EBIT 2018 1 843 M
Net income 2018 568 M
Debt 2018 14 703 M
Yield 2018 6,17%
P/E ratio 2018 17,95
P/E ratio 2019 13,26
EV / Sales 2018 1,80x
EV / Sales 2019 1,69x
Capitalization 11 255 M
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Technical analysis trends ENERGIAS DE PORTUGAL
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 16
Average target price 3,38 €
Spread / Average Target 9,9%
EPS Revisions
Managers
NameTitle
António Luís Guerra Nunes Mexia Chief Executive Officer
Eduardo de Almeida Catroga Chairman-Supervisory Board
Nuno María Pestana de Almeida Alves Chief Financial Officer
António Sarmento Gomes Mota Member-Supervisory Board
Felipe Fernández Member-Supervisory Board
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1st jan.Capitalization (M$)
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