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    Gonzalo Sánchez-BordonaUBS

    Gonzalo Sánchez-Bordona's questions to EDP SA (EDPFY) leadership

    Gonzalo Sánchez-Bordona's questions to EDP SA (EDPFY) leadership • Q1 2025

    Question

    Gonzalo Sánchez-Bordona of UBS asked for management's view on large-scale M&A or corporate transformations, including any potential changes to the corporate structure between EDP and its subsidiary EDPR, in light of recurring market rumors.

    Answer

    CEO Miguel de Andrade reiterated that management is 'very comfortable' with the current corporate structure. He stressed that the primary focus is on delivering shareholder value through operational execution—specifically organic growth, cost efficiency, and shareholder returns via dividends and buybacks—rather than speculating on major M&A.

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    Gonzalo Sánchez-Bordona's questions to EDP SA (EDPFY) leadership • Q1 2025

    Question

    Gonzalo Sánchez-Bordona of UBS asked for management's view on large-scale M&A or corporate transformations, including any potential changes to the corporate structure between EDP and its subsidiary EDPR, in light of recurring market rumors.

    Answer

    CEO Miguel Stilwell de Andrade reiterated that the company is very comfortable with the current corporate structure. He stressed that management's primary focus is on delivering value through organic growth, operational efficiency, cost reduction, and shareholder returns via dividends and buybacks, and he declined to speculate on any other corporate actions.

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