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MarketScreener Homepage  >  Equities  >  Euronext Lisbonne  >  EDP - Energias de Portugal, S.A.    EDP   PTEDP0AM0009

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
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EDP Energias de Portugal S A : 2Q Net Profit Declined Amid Coronavirus Hit

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09/03/2020 | 01:58pm EDT

By Cecilia Butini

EDP-Energias de Portugal SA said late Thursday that its net profit dropped in the second quarter, as a reduction in energy consumption in its main markets and a one-off cost affected its business.

The Portuguese energy company posted net profit of 169 million euros ($200.4 million) in the second quarter, a sharp decline from EUR305 million in the same quarter a year prior.

The company experienced a strong reduction in electricity consumption in the first half of the year, especially during lockdown periods.

EDP also said it booked a one-off cost of EUR130 million as it brought forward the closure of a coal plant in the Portuguese city of Sines to 2021.

Earnings before interest and taxes in the second quarter came in at EUR455 million, the company said, down from EUR631 million the previous year.

Earnings before interest, taxes, depreciation and amortization for the quarter were EUR891 million, also down from EUR994 million in the second quarter of 2019.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 


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Financials
Sales 2020 13 035 M 15 398 M 15 398 M
Net income 2020 771 M 911 M 911 M
Net Debt 2020 13 157 M 15 542 M 15 542 M
P/E ratio 2020 21,9x
Yield 2020 4,34%
Capitalization 17 041 M 20 138 M 20 130 M
EV / Sales 2020 2,32x
EV / Sales 2021 2,24x
Nbr of Employees 11 620
Free-Float 70,8%
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Technical analysis trends EDP - ENERGIAS DE PORTUGAL, S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 4,79 €
Last Close Price 4,38 €
Spread / Highest target 33,6%
Spread / Average Target 9,46%
Spread / Lowest Target -24,6%
EPS Revisions
Managers
NameTitle
Miguel Stilwell de Andrade Chief Executive Officer & Chief Financial Officer
LuŪs Filipe Marques Amado Chairman-Supervisory Board
Eduardo de Almeida Catroga Member-Supervisory Board
Felipe FernŠndez Member-Supervisory Board
Maria Celeste Ferreira Lopes Cardona Member-Supervisory Board
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