EDP Renovaveis : Q1 operations in line, recurring net profit lower
>Negative volume effect as expected - The company just released its figures for Q1 2020, which are broadly in line with our estimates and the consensus at the operating level but lower at the net profit level. As expected, the company recorded an 8% decline in its production, mainly driven by the group's asset rotation policy (disposals of 908 MW in Europe and 137 MW in Brazil partially offset by the commissioning of 382 MW in the US). Regarding operations, EDPR recor...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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