Romanian electricity producer Hidroelectrica announced that it has recorded a net profit in the amount of 293 million euros in 2017, which is 11 % more than in the previous year.
CEO of Hidroelectrica Bogdan Badea said that the company’s revenues in 2017 reached 703 million euros, a slight decline compared to 2016, and its electricity production in 2017 reached 14.04 TWh. Hidroelectrica is the most profitable company in Romania, with earnings before interest, taxes, depreciation and amortization (EBITDA) of 70 % of the company’s total turnover in 2017.
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