EDP Renovaveis : H1 2020 recurring net profit in line, published figures boosted by a one-off
>Negative volume effect as expected - The company just released its figures for H1 2020, which are broadly in line with our estimates and the consensus at the operating level but lower for net profit. As expected, the group recorded a 9% decline in its production, mainly driven by its asset rotation policy (disposals of 949Â MW in Europe and 137Â MW in Brazil, partially offset by the commissioning of 581Â MW in the US). Regarding operations, EDPR recorded a utilisation r...EDP Renovaveis is a renewable energy company based in Spain. Co. is engaged in activities related to the electricity sector, namely the planning, construction, operation and maintenance of electricity generating power stations, especially hydroelectric, mini-hydroelectric, wind, solar, thermal solar, photovoltaic, biomass and waste plants, among others. Co. designs, develops, manages and operates power plants. Co. generates electricity using renewable energy sources mostly wind energy. Co. owns EDP Renewables Europe that operates in several European countries and Horizon Wind Energy, which operates in the United States. Co. is a part of the Energias de Portugal group.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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