Output of Romania’s Hidroelectrica’s down 21% y/y in 2024
<p>State-controlled hydropower group Hidroelectrica (BVB: H2O) announced that its net electricity production dropped by 21% y/y to 13,864 GWh in 2024, according to the company’s preliminary operational report. </p>
<p>The amount of total electricity sold decreased by 24% to 14,665 GWh.</p>
<p>The dynamics reflects marginal improvement from the 22% y/y decline seen in the first nine months of the year when the company produced 11,053 GWh of electricity.</p>
<p>Hidroelectrica will publish its annual report on February 26, according to BVB.</p>
<p>H2O shares are trading down 2% in the last 12 months, at a capitalization of RON 55 billion (EUR 11 billion), the largest among companies listed on the local stock exchange.</p>
<p>Romania's largest energy producer recorded a net profit of RON 3.5 billion (EUR 700 million) in January-September 2024, down 32% compared to the same period last year, while revenues fell 25% to RON 7.2 billion.</p>
<p><em><a href="mailto:iulian@romania-insider.com">iulian@romania-insider.com</a></em></p>
<p><em>(Photo source: Hidroelectrica on Facebook)</em></p>