CURITIBA, Brazil, Aug. 11, 2021 /PRNewswire/ -- Adjusted
EBITDA, excluding non-recurring items, reached R$1,433.2 million in 2Q21, up by 47.1% over the
R$974.4 million reported in 2Q20.
Such growth was mainly due to (i) the sale of 507 GWh of energy
produced by TPP Araucária ("UEGA") in 2Q21 (no energy was
dispatched in 2Q20); and (ii) higher revenue from the "availability
of the power grid (TUSD/TUST)", mainly due to the 12.2% growth of
the distributor's grid market, higher yield on transmission assets
because of a rise in IPCA in 2Q21 the periodic tariff review
applied on transmission contracts. These events were partially
offset by higher costs with "electricity purchased for resale", due
to the worsening of the water situation in June and the increase in
the average difference settlement price - PLD (south) in 2Q21
(R$233.36 compared to R$75.47 in 2Q20).
The EBITDA including all factors and non-recurring items totaled
R$1,514.1 million, down by 12.1% from
the R$1,722.7 million reported in
2Q20. This result was mainly due to the positive effect from
non-recurring items in 2Q20, especially the decision in favor of
Copel Distribuição related to the right to exclude the ICMS from
the PIS and COFINS tax base, leading to a recognition of
R$809.1 million in the "other
operating revenues" line.
The complete release is available at the Company's website:
ir.copel.com
Conference Call: August 12,
2021 – THURSDAY
English:
1:00 p.m. – UST
Dial in number: +1 (646) 843-6054
Access Code: Copel
(Simultaneous translation into English)
Live webcast at ir.copel.com
Contacts: Investor Relations – COPEL
Phone: (55 41) 3331-4011
E-mail:ri@copel.com
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SOURCE Copel