Economic and financial figures

Historical data

  2014 2015 2016 2017 (*) 2018 (**)
Consolidated Economic and Financial Data (in millions of euro)          
Sales Revenues 12,325 11,313 11,034 9,940 9,159
EBITDA 814 1,261 653 803 793
EBIT 292 (795) (260) 42 199
Group Net Result 40 (980) (389) (176) 54
Net Financial Position 1,766 1,147 1,062 116 416
Capex and Exploration 387 528 405 457 447
           
Electric Power Results (in millions of euro)          
Sales Revenues 7,859 6,529 5,682 5,127 3,768
Reported EBITDA 652 360 386 289 328
Adjusted EBITDA (1) 690 276 242 265 328
           
Electric Power Sources  (GWh)          
Edison's total production 17,616 18,481 20,358 19,742 18,798
Thermoelectric 11,756 14,116 16,765 16,469 14,763
Hydroelectric 4,954 3,378 2,490 2,209 3,080
Wind and other renewables 906 987 1,103 1,064 955
Other purchases (wholesalers, IPEX, etc.) (2) 77,915 70,952 70,836 54,002 24,020
Total sources 95,531 89,433 91,194 73,744 42,818
           
Electric Power Uses  (GWh)          
End customers (3) 20,409 17,108 11,582 10,927 13,694
Other sales (wholesalers, IPEX, etc.) (4) 75,122 72,325 79,612 62,817 29,124
Total uses 95,531 89,433 91,194 73,744 42,818
           
Energy services (GWh)          

Production of electric power by cogeneration and

trigeneration systems and other small facilities

0 0 797 1,046 902
           
Hydrocarbons Results (in millions of euro)          
Sales Revenues 5,168 5,512 6,031 5,592 6,098
Reported EBITDA 293 995 361 613 570
Adjusted EBITDA (1) 255 1,079 505 637 570
           
Gas sources (mil. cm)          
Production in Italy (5) 417 485 521 437 354
Imports (pipe+LNG) 9,915 12,722 14,615 15,102 14,566
Other purchases 2,739 4,172 6,754 5,843 5,811
Change in stored gas inventory (6) 172 197 0 (94) (17)
Total sources 13,243 17,576 21,881 21,288 20.714
Production outside Italy (7) 1,734 1,508 1,403 1,636 1.909
           
Gas uses (mil. cm)          
Residential uses 2,314 2,648 2,562 2,404 2,804
Industrial uses 3,413 3,385 3,970 4,507 4,518
Thermoelectric uses 4,407 5,671 7,320 7,311 6,501
Other sales 3,109 5,872 8,029 7,066 6,890
Total Uses
13,243 17,576 21,881 21,288 20,714
Sales of production outside Italy (7) 1,734 1,508 1,403 1,636 1,909
           
Oil Production (kbbl)          
Production in Italy 2,620 2,546 2,163 1,874 1,664
Production outside Italy (7) 1,541 1,808 1,980 2,127 2,349
Total Oil Production 4,161 4,354 4,143 4,001 4,013

(*) 2017 “Sales revenues” are restated in accordance with IFRS 15 "Revenue from Contracts with Customers" without any impact on the EBITDA impact on the EBITDA

(**) Data are reported as in the financial statements of full year 2018. As a result of the E&P assets sale announcement, 2018 values are restated in accordance with IFRS 5 from 30/06/2019 onwards and the E&P business is treated as a Discontinued Operations

(1) Adjusted EBITDA reflect the effect of the reclassification from the Hydrocarbons Operations to the Electric Power Operations of the portion of the results of commodity and foreign exchange hedges executed in connection with contracts to import natural gas attributable to the Electric Power Operations. This reclassification is being made to provide a consistent operational presentation of industrial results. Adjusted EBITDA include central staff and technical services.

(2) Before line losses and excluding the trading portfolio

(3) Before line losses

(4) Excluding trading portfolio

5) It includes the production from the Izabela concession in Croatia imported into Italy

(6) Includes pipeline leaks. A negative change reflects additions to the stored gas inventory

(7) Including volumes withheld as production tax