EDP ​​with a loss of 76 million in the first quarter

EDP ​​with a loss of 76 million in the first quarter

EDP ​​closed the first quarter with a loss of 76 million euros, which compares with profits of 180 million obtained in the same period last year.

The electric company explains that “EDP’s financial performance in the first quarter of 2022 was strongly impacted by the extreme drought in Portugal in winter 2021/2022, the driest in the last 90 years, which resulted in a record deficit of EDP’s hydro production in the Iberian market in the quarter of 2.6TWh compared to the historical average”.

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Source: Jornal i by ionline.sapo.pt.

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