Electrica posts nearly 40% profit decline in 2024

Business Forum
Electrica saw a net profit of RON 376.5 million (€75.5 million) in 2024, down 39.3% compared to 2023, while its operating revenues totaled RON 10.87 billion (€2.1 billion), a fall of 18.4% over 2023.

In the electricity distribution segment, revenues rose by 6.8% to RON 4.70 billion (€944 million). The company states that this increase was primarily driven by the 6.8% distribution tariff increase compared to the latest adjusted tariffs from April 2023, as well as the 4.2% increase in electricity distribution volumes.

In the supply business, revenues fell by 13.1% to RON 6.32 billion (€1.3 billion). This variation was mainly due to the approximately 2.6% decrease in the quantity of electricity supplied to the retail market and the reduction in the acquisition cost (by 36% for electricity), which also impacts sales revenues.

The volume of electricity distributed, 17.77 TWh, rose by 4.2% compared to 2023. Distribuție Energie Electrică Romania (DEER) serves approximately 3.98 million users, covering about 40.8% of the local market.

The volume of electricity supplied to the retail market, 7.6 TWh, fell by 2.6% compared to 2023, over falling consumption.

Electrica Furnizare supplies electricity to approximately 3.5 million consumption points.

DEER completed and commissioned investments worth RON 808 million (€162 million) in 2024.

RECOMMENDED
Mortgage rates in Romania on growth trend in H2 2025
Real estate

Mortgage rates in Romania on growth trend in H2 2025

Mortgage interest rates are projected to increase in the second half of 2025, impacting both fixed-rate mortgages, which constitute over 99% of new mortgage volumes, and variable-rate mortgages, according to a recent analysis by online broker Ipotecare.ro and SVN Romania | Credit & Financial Solutions.

RECOMMENDED FROM THE HOME PAGE
READ MORE
Business Forum  |  1 July, 2025 at 7:02 PM