trending Market Intelligence /marketintelligence/en/news-insights/trending/f8pl1xhdn4ttyangxlvcyg2 content esgSubNav
In This List

EDP's profit falls 23% in Q1 as revenues drop

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Infographic: Q1’22 U.S. Wind Power by the Numbers

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy


EDP's profit falls 23% in Q1 as revenues drop

Multinational utility and power producer EDP - Energias de Portugal SA's net profit fell 23% to €166 million in the first quarter as revenues shrunk year over year, the company announced May 10.

Revenues fell to €4.03 billion in the first quarter from €4.09 billion on a pro forma basis.

The company posted EBITDA of €893 million in the quarter, down from €953 million in the year-ago period. EBIT fell to €549 million from €648 million in the previous year.