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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 : concludes the sale to Total of 2 CCGT plants and B2C supply business in Spain

12/01/2020 | 02:25pm EST
EDP concludes the sale to Total of 2 CCGT plants and B2C supply business in Spain
Tuesday01, December 2020

EDP concludes the sale to Total of 2 CCGT plants and B2C supply business in Spain

Lisbon, December 1st, 2020:Following the information communicated to the market on May 18th 2020, EDP - Energias de Portugal, S.A. ('EDP') has completed the sale of a portfolio of thermal assets and supply clients in Spain to Total, for an enterprise value of €480m.

The portfolio sold comprises the two CCGT power plants (Castejón I & III) with 843 MW of installed capacity and the B2C supply business in Spain, which includes 1.2 million clients in the free market.

Furthermore, following CIDE's exercise of its preferential right for the acquisition of EDP's 50% shareholding in the joint venture for electricity supply in B2C business in Spain (CHC Energia), EDP and CIDE have reached an agreement for the acquisition by CIDE of EDP's 50% stake in CHC, which shall be completed on February 2021, for an Equity Value of €35m.

The deal concluded today is framed within the reshaping of our portfolio in Iberian market, reducing exposure to thermal and merchant activities.

This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248-A of the Portuguese Securities code.

EDP - Energias de Portugal, S.A.

Disclaimer

EDP - Energias de Portugal SA published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2020 19:24:06 UTC


© Publicnow 2020
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Financials
Sales 2020 14 353 M 17 325 M 17 325 M
Net income 2020 787 M 950 M 950 M
Net Debt 2020 13 044 M 15 744 M 15 744 M
P/E ratio 2020 26,3x
Yield 2020 3,58%
Capitalization 21 088 M 25 496 M 25 453 M
EV / Sales 2020 2,38x
EV / Sales 2021 2,47x
Nbr of Employees 11 760
Free-Float 68,5%
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Technical analysis trends EDP - ENERGIAS DE PORTUGAL, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 5,60 €
Last Close Price 5,35 €
Spread / Highest target 48,7%
Spread / Average Target 4,67%
Spread / Lowest Target -14,0%
EPS Revisions
Managers and Directors
NameTitle
Miguel Stilwell de Andrade Chief Executive Officer & Chief Financial Officer
Luís Filipe Marques Amado Chairman-Supervisory Board
Eduardo de Almeida Catroga Member-Supervisory Board
Felipe Fernández Member-Supervisory Board
Maria Celeste Ferreira Lopes Cardona Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
EDP - ENERGIAS DE PORTUGAL, S.A.3.69%25 496
NEXTERA ENERGY6.34%160 722
ENEL S.P.A.7.04%108 859
IBERDROLA, S.A.1.84%88 262
ORSTED A/S-5.79%80 035
DUKE ENERGY CORPORATION0.60%67 789