By 2026, the EDP group’s debt is expected to increase to 17 billion euros, up 4 billion from 2022, according to the strategic plan for 2023-2026 presented this Thursday.
Under the plan presented to investors in London this morning by the group’s executive chairman Miguel Stilwell d’Andrade and financial administrator Rui Teixeira, the electric utility plans to increase its debt from the current €13 billion to €17 billion by 2026.
In the presentation of the previous business plan in February 2021, EDP acknowledged an increase in debt after several years of declining debt, but guaranteed to maintain the ratio relative to results.
In 2021, EDP debt reached 11,500 million euros, the lowest level in 14 years, rising to 13,000 million in 2022, the results of which were published on Wednesday.
EDP’s profit in 2022 was 679 million euros, up 3% on the previous year.
Author: Portuguese
Source: CM Jornal
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