Complete News World

Greenvolt profits decline 92.9% to 1.2 million – Energy

Greenvolt profits decline 92.9% to 1.2 million – Energy

Greenvolt made profits of €1.2 million last year, a decline of 92.9% compared to the €16.6 million recorded the previous year, the company led by João Manso Neto (pictured) said on Tuesday. The company indicates that excluding the impact of discontinued operations, profit will be €7.5 million, representing a decrease of 65.3%.

Operating income grew by 59.1% to €385.5 million, while earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 3.2% to €103.1 million.

“Financial results Passed by 20,5 Million of that iteuro in 2022 to 38,5 Million of that iteuro in 2023, in consequence From the increase in Debt stock Due to ongoing investments that it to increase in Average cost Debts,” the company notes.

In the statement, Greenvolt notes that “Greenvolt, KKR and their shareholders” are awaiting regulatory approval for the public takeover offer (OPA) launched by KKR in December.

The company also indicates that it intends to complete the sale of 500 MW of assets by the end of the year, and in the distributed generation sector, focus on strengthening its presence in the various geographies in which it operates, with the aim of achieving a positive impact on annual EBITDA.

See also  The Brazilian stock market opens 2% lower after Lula's election victory. Petrobras sinks 7% and the Bank of Brazil drops 4.5% - Observer