Celsia 3Q21 results

Company News    Nov 10, 2021 4:17 PM

Celsia, energy company of the Argos Group, reported its results for the second quarter of this year.

The company’s consolidated revenues were CoP$978B in 3Q21; 19.4% more compared to the same period last year (CoP$819B), according to a press release.

Colombia represented 88% of the total income (CoP$860B), while Central America represented 12% of the total revenues.

Celsia reported a consolidated EBITDA of CoP$316B in 3Q21, increasing 22.9% compared to 3Q20.

The company reported a net consolidated income of CoP$105 in 3Q21; 51.8% more compared to the same period last year (CoP$69B). This metric increased 18% compared to previous quarter.

“These positive results are the result of the investments made, good asset management, employee management of assets, the commitment of our employees, and the acceptance and preference of our customers for the services and products we offer,” CEO Ricardo Sierra said.

In addition, Celsia recalled that it won 225GWh/year in the last energy auction, which will be generated by Celsia Solar Escobal 6, a solar farm to be built in Ibagué with a capacity of 99MW.

“Celsia Solar Escobal is part of our goal to have more than 25% of our installed capacity in unconventional renewable energies,” Sierra said.

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