According to the report that will be presented to the company’s shareholders at the next general meeting scheduled for 4 May, Romanian electricity producer Hidroelectrica estimates 3.5 % lower revenues in 2018.
Hidroelectrica estimates total revenues in the amount of some 685 million euros in 2018, which is 3.5 % lower than revenues achieved last year. Total expenditures in 2018 should amount to 485 million euros, which is a 32 % increase compared to 2017. The main reasons for this increase are the provisions for abandoning historical investments and activities related to the preparation of the company’s initial public offering (IPO).
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Tags: electricity, financial, Hidroelectrica, HPP, hydro, investment, Romania