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.