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Colombia’s Celsia posts decrease web revenue in 2022, EBITDA, income up

admin by admin
February 22, 2023
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Colombia’s Celsia posts decrease web revenue in 2022, EBITDA, income up
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Colombian energy firm Celsia on Tuesday reported a double-digit development of consolidated revenues and EBITDA for 2022, however its web revenue fell by 18.7% year-on-year on greater monetary prices and better taxes.

Revenues for the yr got here at COP 5.58 trillion (USD 1.13bn/EUR 1.07bn)), up 35.9%, whereas EBITDA rose by 30.1% to COP 1.78 trillion with an EBITDA margin of 32%, the corporate mentioned.

After paying 65.5% extra in taxes, Celsia was left with a consolidated web revenue of COP 442.7 billion, it mentioned.

The corporate is a vertically built-in utility in Colombia and an influence producer and dealer in Central America — Panama, Costa Rica and Honduras. It generated 65 GWh of solar energy in Colombia in 2022, up by 45.9% year-on-year. In Central America, Celsia’s wind energy manufacturing fell by 12.2% to 166 GWh, whereas photo voltaic technology elevated by 31.4% to 46 GWh.

Celsia’s different technology property are standard hydro and thermal energy vegetation.

Celsia additionally runs 4 funding platforms in partnerships with different entities. Its C2 Energia platform with Cubico Sustainable Investments, which invests in 8-MWp-plus photo voltaic tasks, closed the yr with revenues of COP 26.4 billion (+57%) and EBITDA of COP 20.2 billion (+51.7%).

(COP 1,000 = USD 0.203/EUR 0.191)

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