CURITIBA, Brazil, March 29, 2019 /PRNewswire/ -- Companhia
Paranaense de Energia - Copel (NYSE: ELPVY, ELP / Latibex: XCOP /
B3: CPLE3, CPLE5, CPLE6), a company that generates, transmits,
distributes and sells power, announces its results for the fourth
quarter of 2018 and would like to invite you all for its conference
call tomorrow to discuss its results.
Copel recorded EBITDA of R$756.6
million in 4Q18, 45.0% higher than the R$521.7 million recorded in 4Q17. The result was
mainly impacted by (i) the improvement in hydrological conditions
in the last quarter of 2018 vs. 2017, the average GSF was 81.9%
(vs. 69.3% in 4Q17) and the average PLD was R$158.24/MWh (vs. R$398.09/MWh in 4Q17); (ii) the decreased
provisions and reversals (R$35.2
million provisioned in 4Q18 vs. R$268.4 million in 4Q17), mainly due to the
reversal of civil and administrative lawsuits totaling R$80.7 million and to the 29.2% decrease in the
provision for labor lawsuits; and (iii) a 6.1% increase in the
volume of energy sold to final consumers, which increased the
revenues from "electricity sales to final customers". EBITDA in
4Q18, adjusted for items considered non-recurring, reached
R$692.7 million, an increase of 0.6%
compared to 4Q17 (R$688.2
million).
The complete release is available at the Company's website:
ir.copel.com
Conference Call: March 29, 2018
– FRIDAY
English: 09:00 a.m. – New York
Time
Dial in number: +1 646 843 6054
Access Code: Copel
(Simultaneous translation into English)
Live webcast at ir.copel.com
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SOURCE Copel - Companhia Paranaense de Energia
