EDP Shares Fall After Swing to Loss

Dow Jones

Feb 27, 2025

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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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. \n\n\n  Revenue from energy sales, services and other items rose 5% to 4.15 billion euros. \n\n\n \n\n\n  Write to Adria Calatayud at adria.calatayud@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 27, 2025 03:39 ET (08:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}