LISBON Feb 26 EDP Renewables, the
wind unit of EDP Energias de Portugal, posted on
Tuesday a 32-percent rise in 2012 adjusted net profit, largely
in line with estimates, as it churned out more energy at higher
The company also said it proposed to pay shareholders 0.04
euros per share in dividends.
Net profit at EDPR, the world's fourth-largest wind energy
producer, rose to 134 million euros ($175 million), when
adjusted to exclude non-recurring items, compared with a
forecast of 129 million euros in a Reuters poll. Total
unadjusted net profit rose 43 percent to 126 million euros.
Earnings before interest, taxes, depreciation and
amortisation rose 17 percent to 938 million euros, exceeding a
forecast of 913 million euros.
EDPR's power output rose 10 percent last year thanks to new
capacity in Europe and the United States and steady load factors
of 29 percent in its turbines, while the average price of the
energy it sold rose 10 percent to 63.5 euros per megawatt-hour.
EDPR shares had closed almost 3 percent lower at around 3.79
euros before the results were announced, underperforming the
broader market in Lisbon, which ended 2.5 percent down.
($1 = 0.7649 euros)
(Reporting By Filipe Alves and Andrei Khalip)