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\u2019s preliminary operational report.\u00a0<\/p>\n
The amount of total electricity sold decreased by 24% to 14,665 GWh.<\/p>\n
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>\n
Hidroelectrica will publish its annual report on February 26, according to BVB.<\/p>\n
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>\n
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>\n