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    ENBR3   BRENBRACNOR2

EDP - ENERGIAS DO BRASIL S.A.

(ENBR3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 06/18
19.17 BRL   +1.81%
06/14Groups deliver proposals for EDP Brazil's hydroelectric plants -source
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05/12EDP ENERGIAS DO BRASIL S A  : 1Q21 Results Release
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05/12EDP ENERGIAS DO BRASIL S A  : ESG 1Q21 Performance Report
PU
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Portugal EDP's profit drops 22% as pandemic hits power usage

09/03/2020 | 12:10pm EDT

LISBON, Sept 3 (Reuters) - Portugal's largest utility, EDP, reported on Thursday a 22% drop in first-half net profit to 315 million euros ($372 million), hit by a sharply lower energy consumption in Iberia and Brazil due to the coronavirus pandemic. EDP said the drop in power usage in Portugal during the lockdown had also led the company to announce the closure of Sines coal plant in 2021, earlier than planned, "which implied the booking of a one-off cost of 130 million euros". Portugal's economy contracted a record 16.3% in the second quarter from a year earlier due to a six-week lockdown in March-May and other restrictions, some of which are still in force to stem the spread of the virus. EDP, whose main shareholder is China Three Gorges, said in a statement its consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) contracted 3% to 1.87 billion euros. EDP's wind energy subsidiary EDP Renewables, reported earlier on Thursday a 26% fall in net profit to 255 million euros, with its revenues falling 9% to 913 million euros.

($1 = 0.8460 euros) (Reporting by Sergio Goncalves, editing by Andrei Khalip)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
EDP - ENERGIAS DE PORTUGAL, S.A. -0.17% 4.575 Real-time Quote.-11.07%
EDP - ENERGIAS DO BRASIL S.A. 1.81% 19.17 End-of-day quote.-2.44%
EDP RENOVÁVEIS, S.A. -0.95% 18.71 Real-time Quote.-17.15%
EURO / BRAZILIAN REAL (EUR/BRL) 0.06% 5.9757 Delayed Quote.-4.78%
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Financials
Sales 2021 13 279 M 2 635 M 2 635 M
Net income 2021 1 145 M 227 M 227 M
Net Debt 2021 6 901 M 1 369 M 1 369 M
P/E ratio 2021 9,45x
Yield 2021 5,68%
Capitalization 10 936 M 2 169 M 2 170 M
EV / Sales 2021 1,34x
EV / Sales 2022 1,23x
Nbr of Employees 3 331
Free-Float 43,2%
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Technical analysis trends EDP - ENERGIAS DO BRASIL S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 22,96 BRL
Last Close Price 18,80 BRL
Spread / Highest target 38,3%
Spread / Average Target 22,1%
Spread / Lowest Target 9,04%
EPS Revisions
Managers and Directors
NameTitle
João Marques da Cruz Chief Executive Officer
Henrique Manuel Marques Faria Lima Freire Vice President-Finance
Henrique Manuel Marques Faria Lima Freire Vice President-Finance
António Luís Guerra Nunes Mexia Chairman
Pedro Sampaio Malan Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
EDP - ENERGIAS DO BRASIL S.A.-2.44%2 169
NEXTERA ENERGY-3.66%145 794
ENEL S.P.A.-1.89%98 317
IBERDROLA, S.A.-7.31%81 811
DUKE ENERGY CORPORATION10.65%77 930
SOUTHERN COMPANY0.03%66 164