Offshore wind company EDPR reports 24 per cent drop in net income in Q1

Its consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA), or core profit, rose five per cent year-on-year to 476 million euros.

Excluding capital gains, recurring core profit grew 20 per cent.

CEO Miguel Stilwell de Andrade optimistically claimed it was, "a good set of results, supported by capacity expansion and operational efficiency," and EDPR now estimates a recurring EBITDA of 1.9 billion euros in 2025.