The results of Neoenergia, one of the leaders in the Brazilian energy sector, in the first quarter of 2020 registered net income of R $ 577 million, an increase of 17.3%, and EBITDA of R $ 1.5 billion , an increase of 14.1% compared to the figures of the first quarter of 2019.
"We have seen solid EBITDA and net income growth for Neoenergia in 1Q20. They reflect our financial discipline, investment profitability and operational efficiency. Thus, we are facing the new scenario introduced by Covid-19 with solidity and peace of mind. We know that the infrastructure sector, especially the energy sector, is vital for economic recovery. Neoenergia is prepared to support the country during economic resumption, ensuring quality energy for all our customers and maintaining investments. We continue to progress in our construction works for both our wind and transmission projects. We are maintaining our schedule and business plan. The crisis presents itself in a challenging way but Neoenergia is prepared, because every crisis brings opportunity. And Neoenergia knows how to take advantage of every opportunity" - Mario Ruiz-Tagle, Neoenergia's CEO.