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May 08,2025

EDP Renovaveis Profit Falls Despite Revenue and Output Gains

EDP Renovaveis, the world’s fourth-largest Wind Energy Producer, reported a 24% drop in Q1 net profit to €52 million, below analysts' forecast, due to the absence of capital gains from asset sales, unlike the €58 million logged last year. Despite this, revenue rose 21% to €763 million, supported by a 10% increase in power output to 10.

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