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Copel reports adjusted EBITDA of R$ 1.4 billion in the first quarter
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CURITIBA, Brazil, May 5, 2021 /PRNewswire/ -- Companhia Paranaense de Energia - COPEL ("Company"), a company that generates, transmits, distributes and trades energy, with shares and stock deposit certificates (UNITs) listed on B3 S.A. - Brasil, Bolsa, Balcão (CPLE3, CPLE5, CPLE6, CPLE11), on the NYSE (ELP) and LATIBEX (XCOP, XCOPO, XCOPU), announces its results for the first quarter of 2021 and would like to invite you all for its conference call on Thursday to discuss its results.
In 1Q21, earnings before interest, taxes, depreciation and amortization reached R$ 1,303.2 million, 18.8% higher than the R$ 1,096.8 million recorded in 1Q20. This result reflects, basically, the growth of 31, 4% in the "electricity sales to distributors" line, mainly due to the sale of 687 GWh of energy produced by TTP Araucária ("UEGA") in 1Q20 and the higher volume of electricity sold in bilateral contracts by Copel Mercado Livre; (ii) the 7.9% increase in the "use of the main distribution and transmission grid" line, the effect of the 2.6% growth in the DISCO's grid market and the periodic tariff review of the 060/2001 transmission agreement and the tariff readjustment applied to other transmission agreements in July 2020 and (iii) the 42.2% reduction in the "provisions and reversals" line, partially offset by the 12.7% increase in "electricity purchased for resale" and 22.7% in third-party services.
The complete release is available at the Company's website: ir.copel.com
Conference Call: May 6, 2021 – THURSDAY
English: 1:00 p.m. – UST Dial in number: +1 (646) 843-6054 Access Code: Copel (Simultaneous translation into English)
copel - companhia paranaense de energia, the largest company of the state of paraná, was founded on october 26, 1954 with ownership control held by the state of paraná. the company went public in april 1994 (bm&fbovespa) and, in 1997, it was the first company of the brazilian electricity sector to be listed at the new york stock exchange. as from june 2002, the brand is also present at the european economic community, having been listed at latibex - the latin american arm of the madrid stock exchange. as of may 7, 2008, copel's shares were ranked at level 1 of são paulo stock exchange (bm&fbovespa)'s corporate governance. the company directly serves 4,255,804 consuming units, across 395 cities and 1,113 locations (districts, villages and settlements), located in the state of paraná. this network consists of 3.3 million homes, 91 thousand plants, 348 thousand commercial establishments and 372 thousand rural properties. the staff is composed of 8,573 employees. copel's structure comp
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