Romanian power producer Nuclearelectrica posts 31% profit drop in 2024 on lower prices
<p>Nuclearelectrica (BVB: <a href="https://www.bvb.ro/FinancialInstruments/Details/FinancialInstrumentsDetails.aspx?s=snn">SNN</a>), the company that operates Romania’s only nuclear power plant – Cernavoda, <a href="https://www.bvb.ro/infocont/infocont25/SNN_20250227144528_CR-Preliminary-EN-merged.pdf">reported a net profit </a>of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year.</p>

<p>The company recorded 37.6% lower revenues from electricity sales due to lower average prices, while its production was 2.7% lower than in 2023, at 10 GWh. At the same time, the company saw 14.4% higher operating expenses. However, Nuclearelectrica paid significantly lower contribution to the Energy Transition Fund, which compensated part of the lower revenues and higher expenses.</p>

<p>Overall, the company’s EBITDA went down by 23.4% to RON 2.38 bln.</p>

<p>Nuclearelectrica’s shares went down 1.2% on Friday, February 28, after the company released its preliminary results. In the last 12 months, the SNN shares have lost almost 15% of their value, compared with an 11% growth for the BET index.</p>

<p><em>editor@romania-insider.com</em></p>

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