S.P.E.E.H. Hidroelectrica SA 2023 AR2
The report highlights Hidroelectrica's exceptional operational and financial performance in 2023, driven by high hydraulics and the expansion of its supply portfolio. Key achievements include a 30% increase in electricity production and a historic net profit of RON 6,365 million, up 43% from the previous year. A major milestone was the company's successful listing on the Bucharest Stock Exchange, recognized as the largest IPO in Europe for 2023. Additionally, Hidroelectrica advanced its green energy strategy through the acquisition of UCM Reșișa's business lines to consolidate its maintenance capabilities and signed a joint venture with Masdar to develop renewable energy projects. The company also reaffirmed its commitment to sustainability by aligning with ESG standards and promoting environmental protection.
Company: S.P.E.E.H. Hidroelectrica SA
Sector: Utilities
Country: Romania
Year: 2023
Type: AR2
Pages: 438
S.P.E.E.H. Hidroelectrica SA
Annual Report
The report highlights Hidroelectrica's exceptional operational and financial performance in 2023, driven by high hydraulics and the expansion of its supply portfolio. Key achievements include a 30% increase in electricity production and a historic net profit of RON 6,365 million, up 43% from the previous year. A major milestone was the company's successful listing on the Bucharest Stock Exchange, recognized as the largest IPO in Europe for 2023. Additionally, Hidroelectrica advanced its green energy strategy through the acquisition of UCM Reșișa's business lines to consolidate its maintenance capabilities and signed a joint venture with Masdar to develop renewable energy projects. The company also reaffirmed its commitment to sustainability by aligning with ESG standards and promoting environmental protection.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Mar 27, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Renewable Energy
Women on Board
Workplace Fatalities
Employees