EDP with negative results in Portugal

EDP with negative results in Portugal

Only 4% of EDP's profit is created in Portugal, compared to 20% last year. Global profits of the company drop to €519 million.

The energy group's earnings were announced on Monday, showing that for the first time in 22 years, EDP suffered losses in the Portuguese market - a situation that had not occurred "since the beginning of the privatization process in 1997." To support this assertion, the company has ignored the results of EDP Renováveis in Portugal.

"In 2018 the business in Portugal suffered losses of €18 million, compared to a €169 million profit in 2017" the company's communiqué to the market reads.

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