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CURITIBA, Brazil, May 5, 2021 /PRNewswire/ -- Companhia Paranaense de Energia - COPEL ("Company"), a company that generates, transmits, distributes and trades energy, with shares and stock deposit certificates (UNITs) listed on B3 S.A. - Brasil, Bolsa, Balcão (CPLE3, CPLE5, CPLE6, CPLE11), on the NYSE (ELP) and LATIBEX (XCOP, XCOPO, XCOPU), announces its results for the first quarter of 2021 and would like to invite you all for its conference call on Thursday to discuss its results.
In 1Q21, earnings before interest, taxes, depreciation and amortization reached R$ 1,303.2 million, 18.8% higher than the R$ 1,096.8 million recorded in 1Q20. This result reflects, basically, the growth of 31, 4% in the "electricity sales to distributors" line, mainly due to the sale of 687 GWh of energy produced by TTP Araucária ("UEGA") in 1Q20 and the higher volume of electricity sold in bilateral contracts by Copel Mercado Livre; (ii) the 7.9% increase in the "use of the main distribution and transmission grid" line, the effect of the 2.6% growth in the DISCO's grid market and the periodic tariff review of the 060/2001 transmission agreement and the tariff readjustment applied to other transmission agreements in July 2020 and (iii) the 42.2% reduction in the "provisions and reversals" line, partially offset by the 12.7% increase in "electricity purchased for resale" and 22.7% in third-party services.
The complete release is available at the Company's website: ir.copel.com
Conference Call: May 6, 2021 – THURSDAY
English: 1:00 p.m. – UST
Dial in number: +1 (646) 843-6054
Access Code: Copel
(Simultaneous translation into English)
Live webcast at ir.copel.com
Contacts: Investor Relations – COPEL
Phone: (55 41) 3331-4011
SOURCE Copel - Companhia Paranaense de Energia