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    ELET6   BRELETACNPB7

CENTRAIS ELETRICAS BRASILEIRAS S.A.

(ELET6)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-09-30 pm EDT
45.15 BRL   +0.60%
01:00aBolsonaro's strong showing in Brazil vote may boost markets, bankers say
RE
09/29Brazil's Eletrobras unlikely to change dividend policy in near term, CEO says
RE
09/23Citigroup Starts Centrais Electricas Brasileiras at Buy
MT
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Brazil's Eletrobras reports 45% drop in Q2 net profit

08/12/2022 | 09:45pm EDT
FILE PHOTO: The logo for Eletrobras, a Brazilian electric utilities company, is displayed on a screen on the floor at the NYSE in New York

(Reuters) - Brazilian power company Eletrobras on Friday reported its second-quarter net income fell 45%, hit by the provision for losses in investments.

In the first earnings report since its privatization, Centrais Eletricas Brasileiras SA, as the company is formally known, posted a net income of 1.4 billion reais ($276.03 million).

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 6% to 4.861 billion reais from the previous year.

Net operating revenue reached 8.856 billion reais, up 19%.

In June, Brazil's government diluted its stake in Eletrobras, Latin America's largest utility, through a share offering that raised about $6 billion and lured global investors.

($1 = 5.0719 reais)

(Reporting by Peter Frontini)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CENTRAIS ELETRICAS BRASILEIRAS S.A. 0.60% 45.15 Delayed Quote.36.78%
POWER SOLUTIONS, LTD. -0.99% 2495 Delayed Quote.7.88%
All news about CENTRAIS ELETRICAS BRASILEIRAS S.A.
01:00aBolsonaro's strong showing in Brazil vote may boost markets, bankers say
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09/29Brazil's Eletrobras unlikely to change dividend policy in near term, CEO says
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09/23Citigroup Starts Centrais Electricas Brasileiras at Buy
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Analyst Recommendations on CENTRAIS ELETRICAS BRASILEIRAS S.A.
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Financials
Sales 2022 34 202 M 6 319 M 6 319 M
Net income 2022 5 424 M 1 002 M 1 002 M
Net Debt 2022 38 589 M 7 130 M 7 130 M
P/E ratio 2022 22,4x
Yield 2022 4,14%
Capitalization 126 B 23 367 M 23 367 M
EV / Sales 2022 4,83x
EV / Sales 2023 4,53x
Nbr of Employees 12 126
Free-Float 65,1%
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Centrais Eletricas Brasileiras S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends CENTRAIS ELETRICAS BRASILEIRAS S.A.
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 45,15 BRL
Average target price 66,26 BRL
Spread / Average Target 46,7%
EPS Revisions
Managers and Directors
Wilson Pinto Ferreira Chief Executive Officer
Elvira Baracuhy Cavalcanti Presta Chief Financial & Investor Relations Officer
Ivan de Souza Monteiro Chairman
Camila Gualda Sampaio Araujo Chief Compliance Officer
Luiz Augusto Pereira de Andrade Figueira Chief Administrative & Sustainability Officer