OVO’s results ‘bear the fruit’ of SSE deal after accelerated integration
OVO Energy is hailing 2020 as a landmark year for the company, having completed the largest industry consolidation deal to date.
Articles tagged with: financial results
COVID-19 hits SSE profit by £170m but strong renewables help steady results
The COVID-19 pandemic hit SSE’s operating profit by £170 million in the full year ending 31 March 2021.
National Grid lauds ‘solid’ results despite £300 million COVID-19 impact
National Grid is celebrating a reduction in the impact of COVID-19 on its underlying operating profits in a year with strong operational performance and the "transformational" acquisition of Western Power Distribution (WPD).
Octopus Energy sees 160% jump in revenue but still records loss due to ‘relentless investment’
Octopus Energy saw its revenue grow +160% in the fiscal year 2019/2020, jumping from £477 million to £1.24 billion.
Bulb's losses narrow as its customer base continues to surge
Bulb’s revenues are up 85%, helping to reduce its operating losses to £59 million as its customer base surges.
Centrica sees record profit drop of 31% in 2020
British Gas owner Centrica saw its adjusted operating profit fall 31% in 2020, a record low according to its preliminary results.
Iberdrola lauds record investment as net profit continues growth
Iberdrola has reported continued growth of its net profit to €3.61 billion in a year that saw over 90% of its investments injected into renewables and networks.
Drax drops plan for Europe’s largest new gas plant as it turns its back on fossil fuels
Drax has dropped plans to develop any new gas plants, including its plans to build Europe's biggest CCGT plant as it moves to turn its back on fossil fuels.
EDF records 'solid' financial results as renewables generation remains strong
EDF has recorded what it has described as "solid" financial results as its renewable generation has soared by 6.3%.