Redeia Corporacion SA (OTCPK:RDEIY)
$ 10.35 +0.11 (+1.07%) Market Cap: 11.19 Bil Enterprise Value: 18.72 Bil PE Ratio: 27.31 PB Ratio: 0 GF Score: 76/100
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Full Year 2024 Redeia Corporacion SA Earnings Call Transcript

Feb 26, 2025 / 11:30 AM GMT
Release Date Price: $9.02 (+1.23%)

Key Points

Positve
  • Redeia Corporacion SA (RDEIF) achieved a record investment level with CapEx exceeding €1 billion, marking a 34% increase from 2023.
  • The company successfully integrated 98% of wind and solar output, maintaining low discharge levels, which are below European regulations.
  • Redeia Corporacion SA (RDEIF) completed the divestment of Hispasat, strengthening its financial position and focusing on core regulated business.
  • The company maintained a strong credit rating, supported by a diversified debt structure with 92% at fixed rates.
  • Redeia Corporacion SA (RDEIF) is aligned with the European green agenda, achieving high scores in sustainability indices like the Dow Jones Sustainability Index.
Negative
  • Revenues decreased by 12.4% due to the end of the useful life of pre-1998 assets, impacting financial performance.
  • The sale of Hispasat resulted in a capital loss of €137 million, affecting net profit.
  • The company faces uncertainty in regulatory changes, which could impact future financial returns and investment plans.
  • Higher operating expenses were noted due to increased headcount and non-recurring costs from collective bargaining agreements.
  • The geopolitical and economic environment remains volatile, posing challenges for future operations and strategic planning.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

REDE.MC - Redeia Corporacion SA
Full Year 2024 Redeia Corporacion SA Earnings Call
Feb 26, 2025 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone.

We're now going to start this presentation of the results for 2024. We'd like to welcome all of you who are following us online, and with us we've got Beatriz Corred, the chair of the board, Roberto Garcia Marino, who's our CEO, and Emilio Cerretto, who's the corporate economic and financial director. I now give the floor to our President or chair woman Beatriz Corredor.

Good morning, everyone. And welcome and thank you for coming to this presentation. Yet again, we'd like to be able to share with you the most relevant milestones achieved during the past year, 2024. Talk about Redea's performance and the earnings of the group. 2024 has been especially difficult both for us and for
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