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MarketScreener Homepage  >  Equities  >  Euronext Lisbonne  >  EDP - Energias de Portugal, S.A.    EDP   PTEDP0AM0009

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
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EDP Energias de Portugal S A : Shareholders Push for Meeting to Elect New Executive Board

12/01/2020 | 02:31am EST

By Olivia Bugault

EDP-Energias de Portugal SA said late on Monday that its interim chief executive officer Miguel Stilwell de Andrade will propose new candidates for the executive board of directors at the request of EDP shareholders.

The Portuguese utility company's shareholders intend to call for a general meeting in January 2021 to elect a new executive board of directors.

"EDP received a letter from all shareholders represented in the general and supervisory board, indicating that, following the recent developments with regards to the CEO with functions suspended, it becomes clear to these undersigned shareholders that the executive board of directors for 2021-2023 mandate will need to be appointed at a general shareholders' meeting, so as to maintain the stability of the company and its affairs," the company said.

In July, EDP said that Antonio Mexia and Joao Manso Neto, who were, respectively, CEO and vice chairman of the company at the time, were suspended from their functions due to a judicial procedure looking into alleged favoritism.

Both executives said they won't be candidates for another mandate once their terms end in December.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

12-01-20 0230ET

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More news
Financials
Sales 2020 14 257 M 17 348 M 17 348 M
Net income 2020 788 M 959 M 959 M
Net Debt 2020 13 206 M 16 069 M 16 069 M
P/E ratio 2020 26,5x
Yield 2020 3,59%
Capitalization 20 993 M 25 496 M 25 544 M
EV / Sales 2020 2,40x
EV / Sales 2021 2,50x
Nbr of Employees 11 760
Free-Float 68,5%
Chart EDP - ENERGIAS DE PORTUGAL, S.A.
Duration : Period :
EDP - Energias de Portugal, S.A. Technical Analysis Chart | EDP | PTEDP0AM0009 | MarketScreener
Technical analysis trends EDP - ENERGIAS DE PORTUGAL, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 5,69 €
Last Close Price 5,32 €
Spread / Highest target 49,4%
Spread / Average Target 6,88%
Spread / Lowest Target -13,6%
EPS Revisions
Managers and Directors
NameTitle
Miguel Stilwell de Andrade Chief Executive Officer & Chief Financial Officer
Luís Filipe Marques Amado Chairman-Supervisory Board
Eduardo de Almeida Catroga Member-Supervisory Board
Felipe Fernández Member-Supervisory Board
Maria Celeste Ferreira Lopes Cardona Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
EDP - ENERGIAS DE PORTUGAL, S.A.3.22%25 496
NEXTERA ENERGY8.50%163 994
ENEL S.P.A.2.21%104 411
IBERDROLA, S.A.0.00%87 059
ORSTED A/S-0.12%85 178
DUKE ENERGY CORPORATION-1.51%66 369