EDP released 2024 results above expectations and confirmed its 2026 net income guidance. The reduction in our fair value estimate for subsidiary EDPR to EUR 13 from EUR 17 drives a reduction in ...
Recurring EBITDA: EUR5 billion, stable year-on-year. Recurring Net Profit: EUR1.4 billion, 8% increase year-on-year. Net Debt: EUR15.6 billion, better than consensus. FFO to Net Debt Ratio: 21.5%.
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