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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 : CEO, Executive Board Member Suspended Amid Probe

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07/07/2020 | 02:44am EDT

By Mauro Orru

 

EDP-Energias de Portugal SA said late Monday that Chief Executive Antonio Mexia and Executive Board member Joao Manso Neto have been suspended amid a probe open since 2012 related to the alleged favouring of EDP which generated supposed benefits of 1.2 billion euros ($1.36 billion).

The Portuguese energy company said Chief Financial Officer Miguel Stilwell de Andrade would serve as interim chief executive, also retaining his current role as CFO.

The investigation is currently in the inquiry phase and Mr. Mexia and Mr. Neto haven't been formally accused, the company said.

The probe is related to the early termination of power purchase agreements and the transition to costs of maintenance for contractual balance, as well as the extension of the hydro public domain right of use.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 


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Financials
Sales 2020 13 035 M 15 222 M 15 222 M
Net income 2020 771 M 900 M 900 M
Net Debt 2020 13 456 M 15 713 M 15 713 M
P/E ratio 2020 20,7x
Yield 2020 4,59%
Capitalization 16 319 M 19 029 M 19 056 M
EV / Sales 2020 2,28x
EV / Sales 2021 2,19x
Nbr of Employees 11 620
Free-Float 70,8%
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EDP - Energias de Portugal, S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends EDP - ENERGIAS DE PORTUGAL, S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 4,79 €
Last Close Price 4,14 €
Spread / Highest target 41,4%
Spread / Average Target 15,9%
Spread / Lowest Target -20,2%
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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