30 September, 2020

Results release for the third quarter of 2020

Sonae Capital released its results for the third quarter of 2020, of which it is highlighted that Capwatt, its subsidiary, has continued to take firm steps in the execution of its growth plan, with the Mangualde operation now at cruising speed and with the completion of an important acquisition in the cogeneration sector in Spain.

Capwatt's Production business continued to operate in a context of relative normality, despite the 8.5% decrease in turnover. Of note was the 6.8% growth in EBITDA. Regarding the Trading and Commercialization business, whose activity is mainly based on the sale of natural gas, electricity and the purchase / sale of CO2 emission licenses, it registered a turnover of 112.3 million and an EBITDA of 0 ,5 million.

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