External energy acquisition plunged 53% to 802 GWh and the total electricity sales dropped 24% to 14,665 GWh, according to Hidroelectrica representatives.
“The report contains estimates regarding the Group’s results, which reflect the Company’s current knowledge and are accompanied by risks and uncertainties that may lead to differences between the final results and those included in this report, therefore they do not represent a guarantee of the company’s performance and should be viewed with caution,” the report reads.
The company ended the first nine months of 2024 with a net profit of RON3.5 billion, 32% lower than in the year-ago period, and revenue of RON7.2 billion, down 25% year-over-year, as per its financial report published at the Bucharest Stock Exchange.
H2O shares have traded 2% lower over the last 12 months, triggering a market value of RON55 billion.