Bladex (BLX) Misses Q1 EPS by 16c

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Go back to Bladex (BLX) Misses Q1 EPS by 16c

Strong growth in first quarter results due to 38% increase in wind power production in France

May 6, 2020 7:01 AM EDT

Highlights of the first quarter of 2020

Combined EBITDA(A) of $169 million, up $15 million, 10% higher than in the first quarter of 2019 and discretionary cash flows of $68 million, up 59% over the $44 million recorded in the first quarter of 2019. Combined wind power production higher than anticipated(1) and higher than corresponding quarterly production in 2019 Total wind power production: Up 12% vs anticipated production and up 9% vs 2019. Wind power production in France: Up 31% vs anticipated production and up 38% vs 2019. 250 MW in... More