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Revenues and profit of Romania’s Nuclearelectrica plunge in H1 on lower electricity prices

August 16, 2024

The revenues of Romanian nuclear group Nuclearelectrica (BVB: SNN), which operates the Cernavoda nuclear plant, dropped by 44% y/y to RON 2.1 billion (EUR 420 million) in H1 on lower electricity prices, but the net profit dropped by only 35% y/y to RON 843 million (EUR 170 million) in H1 due to lower tax on windfall incomes (as the realized electricity price dropped below the threshold), according to company’s press release.

The company’s market capitalization reached RON 13.88 billion...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/nuclearelectrica-results-aug-2024
Read in full - click here
The next Daily Bulletin will be Tuesday, June 10, 2025

Due to the Pentecost holidays, we will resume our activity tomorrow, 10 06 2025

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