Energias do Brasil Reports EBITDA of R$ 383.4 million and Net Income of R$ 164.2 million in 1Q08

EBITDA from Generation grows 86% YoY in 1QO8 reaching R$ 176.1 million

SAO PAULO, Brazil, May 7 /PRNewswire-FirstCall/ -- EDP - ENERGIAS DO BRASIL S.A. ("Energias do Brasil" or "Group") (Bovespa: ENBR3), a holding company in the electric utilities sector trading on Bovespa's Novo Mercado, today announces its results for 1Q08. The information is presented on a consolidated basis in accordance with Brazilian Corporate Law and is based on reviewed financial information. The independent auditors did not review the operating information. Amounts are expressed in thousands of Reais, except where otherwise stated.

-- Energy volumes distributed in 2007 totaled 25,029 GWh, 4.5% more than
recorded in 2006. Volumes were Energy volumes distributed in 1Q08
totaled 6,286 GWh, 2.3% more than recorded in 1Q07.
-- Enertrade's volumes grew 5.2% in 1QO8 compared with 1QO7, totaling
1,789 GWh.
-- Energy volumes sold by the generation business in 1QO8 amounted to
1,538 GWh, a YoY increase of 13.7%.
-- Net operating revenue was R$ 1,285.5 million in 1QO8, 15.4% more than
1QO7, mainly due to the growth in sold and commercialized energy
volumes, and the increase in average prices.
-- Manageable costs, excluding depreciation and amortization, remained
stable in relation to 1QO7, the main highlight here being the reduction
in the Provisions and Others accounts.
-- EBITDA for 1QO8 reached R$ 383.4 million, a YoY increase of 13.2%.
Particularly notable was the growth of 86% in the generation segment's
EBITDA, which amounted to R$ 176.1 million.
-- Net income amounted to R$ 164.2 million, 28.3% up on 1QO7.
-- Capital expenditures were R$ 155.8 million in 1QO8, a rise of 69.7%
against 1QO7, largely due to repowering projects at the Mascarenhas,
Suica and Rio Bonito hydroelectric power plants (HPP) and the
construction of the Santa Fe small hydroelectric power plant (SHP).
-- Energias do Brasil has opted to invest in the development of two
natural gas-fired thermoelectric power plants, the Resende and Norte
Capixaba plants, each with an installed capacity of 500 MW. This
reflects the Company's recognition of the need to expand the share of
thermal capacity in the Brazilian energy matrix. The implementation of
these plants is contingent on the appropriate commercial and financial
conditions for the sale of energy and, in the case of the Norte
Capixaba plant, on environmental licensing.

Please be advised that the complete version of this earnings release is available on our site in the Investor Relations section: http://www.energiasdobrasil.com.br/

Conference Call and Webcast (in English) - www.energiasdobrasil.com.br
Date: May 08, 2008 (Thursday)
Time: 11 a.m. (New York time)
04 p.m. (London time)
12 p.m. (Brasilia Time)

Connection numbers:
Participants in the USA: (1 800) 860.2442
Participants from other countries: (1 412) 858.4600
Participants in Brazil: (11) 4688.6301
Access code: Energias do Brasil

If you cannot participate, a replay of the conference call will be available from May 08, 2008 to May 14, 2008. You can access the replay by dialing (55 11) 4688.6312 (access code: 817)

First Call Analyst:
FCMN Contact:

Source: Energias do Brasil S.A.

CONTACT: Flavia Heller, IR Officer, or Cleverson Murakawa, IR Analyst,
55 11 2185-5907, ri@enbr.com.br

Web site: www.energiasdobrasil.com.br

2008-05-07 19:30:42 0355916 PRNEWSWIRE