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Last R$18.00 BRL
Change Today 0.00 / 0.00%
Volume 0.0
ELET5 On Other Exchanges
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As of 4:45 PM 03/20/15 All times are local (Market data is delayed by at least 15 minutes).

centrais eletricas bras-pr a (ELET5) Snapshot

Open
--
Previous Close
R$18.00
Day High
--
Day Low
--
52 Week High
10/13/14 - R$21.00
52 Week Low
03/19/15 - R$17.85
Market Cap
7.5B
Average Volume 10 Days
0.0
EPS TTM
R$-2.97
Shares Outstanding
146.9K
EX-Date
05/4/15
P/E TM
--
Dividend
--
Dividend Yield
0.58%
Current Stock Chart for CENTRAIS ELETRICAS BRAS-PR A (ELET5)

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centrais eletricas bras-pr a (ELET5) Details

Centrais Elétricas Brasileiras S.A. – Eletrobrás, together with its subsidiaries, generates, transmits, and distributes electricity in Brazil. The company projects, builds, and operates generating power plants, and electric power transmission and distribution lines. It owns and operates 45 hydroelectric plants, 125 thermoelectric plants, 8 wind farms, and 2 thermonuclear plants with an installed capacity of 42,333 Megawatts; and operates 61,534 km of transmission lines and 257 substations. Centrais Elétricas Brasileiras S.A. – Eletrobrás was founded in 1962 and is based in Rio de Janeiro, Brazil.

Founded in 1962

centrais eletricas bras-pr a (ELET5) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

centrais eletricas bras-pr a (ELET5) Key Developments

Centrais Elétricas Brasileiras S.A. - Eletrobras, Board Meeting, Aug 24, 2015

Centrais Elétricas Brasileiras S.A. - Eletrobras, Board Meeting, Aug 24, 2015. Agenda: To consider and approve appointment of Mr. Renato Soares Sacramento to hold, temporarily, the position of the Chief Generation Officer, during the period of the license of Mr. Valter Luiz Cardeal de Souza, in accordance with the provisions of paragraph two of article 32, of Eletrobras by laws.

Kaplan Fox & Kilsheimer LLP Files Securities Class Action against Centrais Eletricas Brasileiras SA

Kaplan Fox & Kilsheimer LLP has filed a class action suit against Centrais Eletricas Brasileiras SA, and certain of its executives, that alleges violations of the Securities Exchange Act of 1934 on behalf of the City of Providence, Rhode Island, individually, and all others similarly situated who purchased Eletrobras' publicly traded securities during the period August 17, 2010 through June 24, 2015, inclusive (the class period). The case is pending in the United States District Court for the Southern District of New York. A copy of the Complaint may be obtained from Kaplan Fox's website, or from the court. The Complaint alleges that, throughout the class period, defendants made materially false and misleading statements to investors concerning the award of contracts for multi-billion dollar construction projects controlled by Eletrobras and its subsidiaries. The complaint alleges that, throughout the class period Eletrobras made assurances of its commitment to making corporate decisions based on the principles of ethics, transparency, integrity, loyalty, impartiality, legality and efficiency, while, unbeknownst to investors, the company was engaged in an illegal scheme whereby billions of dollars paid by the company to third parties, ostensibly for construction and services contracts, were being diverted to Eletrobras' executives and to political parties associated with the company's management. Specifically, throughout the class period, defendants held themselves out as refusing any form of corruption, bribery or kickback and making decisions transparently based on ethical principles, but failed to disclose, among other things, that: the company and individual defendants were engaged in a massive bribery and corruption scheme operating in direct contradiction to the publicly-available policies in the company's Code of Ethics and other corporate governance directives, there were serious irregularities with respect to the costs of contracts that Eletrobras entered into for the construction of projects, including Angra 3, Belo Monte and Jirau, a substantial amount of the contracts the company awarded were the product of bid-rigging that materially inflated the costs of contracts, the company's financial statements were materially false and misleading and not presented in accordance with International Financial Reporting Standards, and the company had material deficiencies in its internal controls over its financial reporting. The complaint further alleges that on April 30, 2015 before the markets opened for trading, Eletrobras filed a notice on Form NT 20-F with the SEC disclosing that the company would be unable to file its annual report on Form 20-F for the year ended December 31, 2014 by April 30, 2015, the prescribed date for the Form 20-F filing. The company gave two reasons for the delay. First, Eletrobras disclosed that the auditor of a significant affiliate of Eletrobras, Energia Sustentável do Brasil Participações S.A. (the affiliate operating Jirau), had informed the Company that it did not consider itself independent under the relevant U.S. independence rules and that a new auditor had been appointed to audit the financial statements of Jirau for purposes of applying equity method accounting. Second, as a result of press reports in relation to operation car wash that the consortium of companies bidding for the mechanical assembly of the Angra 3 power plant allegedly made illegal payments to the CEO of Eletrobras' wholly owned subsidiary, Eletronuclear, the CEO of Eletronuclear (Pinheiro da Silva) requested a leave of absence. A separate SEC filing also disclosed that although the company's internal investigation had not yet concluded, the Board of Directors had approved the engagement of a 'specialized and independent entity to conduct an investigation to ensure transparency and independence. On April 30, 2015, Eletrobras' ADSs declined by 8.24% to close at $2.45 per ADS.

Centrais Elétricas Brasileiras S.A. – Eletrobras Reports Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Centrais Elétricas Brasileiras S.A. – Eletrobras reported consolidated and parent earnings results for the second quarter and six months ended June 30, 2015. On consolidated basis, for the quarter, net operating income was BRL 8,227 million against BRL 6,867 million last year. Net loss attributed to the controlling was BRL 1,358 million as compared to BRL 109 million last year. These quarter results were influenced mainly due to the new generation and transmission tariffs regarding the assets whose concessions were renewed as per Law 12,783/13. On consolidated basis, for the six months, net operating income was BRL 16,826 million against BRL 13,875 million last year. Net loss attributed to the controlling was BRL 103 million or BRL 0.08 per share as compared to net income attributed to the controlling of BRL 925 million or BRL 0.68 per share last year. Excluding the result of CELG D, the company that began to show up in consolidated financial statements of Eletrobras from September 26, 2014, date of the extraordinary general meeting which Eletrobras's shareholders approved the acquisition of the control of CELG Distribution SA, the first half of 2015 result would have shown a reduction of 69% compared to first half of 2014, presenting a consolidated net income of BRL 100 million in the first half of 2015. For better comparison, the variations of the DRE were also treated considering and excluding the effects of the CELG D consolidation. Excluding the revenues of CELG D, the NOI would have shown an increase of 4.8%, from BRL 13,875 million in the first half of 2014 to BRL 14,543 million in the first half of 2015. EBITDA was BRL 917 million against BRL 2,147 million last year. Net debt was BRL 13,150 million against BRL 11,769 million at December 31, 2014. Operating loss before financial result was BRL 44 million against operating income before financial result of BRL 1,237 million last year. Financial result was BRL 329 million against BRL 47 million last year. Operating result before taxes was BRL 320 million against BRL 1,413 million last year. Income before equity participation was BRL 285 million against BRL 1,285 million last year. Net cash from operating activities was BRL 1,877 million against BRL 1,992 million last year. Acquisition of property, plant and equipment was BRL 1,661 million against BRL 1,005 million last year. Acquisition of intangible assets was BRL 147 million against BRL 97 million last year. On parent basis, for the quarter, financial results positively impacted the overall results in the amount of BRL 436 million against BRL 1,243 million for the first quarter of 2015. On parent basis, for the six months, financial results positively impacted the overall results in the amount of BRL 1,678 million, as compared to the amount of BRL 834 million last year. This variation is primarily explained by the currency variation. Net operating income was BRL 1,618 million against BRL 1,462 million last year. Operating loss before financial result was BRL 2,198 million against BRL 2,029 million last year. Operating result before taxes was BRL 104 million against BRL 925 million last year. Loss before equity participation was BRL 519 million against BRL 1,195 million last year. Net loss allocated to controlling shareholders was BRL 102 million or BRL 0.08 per share against net income allocated to controlling shareholders of BRL 925 million or BRL 0.68 per share last year. Net cash used in operating activities was BRL 2,172 million against BRL 20 million last year. Acquisition of property, plant and equipment was BRL 12 million against BRL 0.08 million last year.

 

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