EDP Shares Fall After Swing to Loss

Dow Jones

2025/02/27

By Adria Calatayud

EDP-Energias de Portugal shares fell after the company swung to a net loss for the fourth quarter, hit by losses arising from its renewables unit's exit from Colombia.

Shares were down 4.5% at 3.05 euros in European morning trade.

The Portuguese energy company reported a net loss of 282 million euros ($295.7 million) for the fourth quarter compared with a profit of 7 million euros in the year-earlier period. The company said the result reflected losses after majority-owned EDP Renovaveis in December decided not to proceed with investments in wind projects in the La Guajira region in Colombia.

Revenue from energy sales, services and other items rose 5% to 4.15 billion euros.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

February 27, 2025 03:39 ET (08:39 GMT)

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