Edison closes 2023 with record EBITDA at 1,808 million euros up 71% and profit of 515 million euros thanks to the solid operating performance of all business areas

These results allow Edison to distribute a dividend for 2023 of 0.105 euros per savings share (0.052 euros in 2022) and 0.075 euros for each ordinary share (0.022 euros in 2022).

In 2023, Edison obtained an ESG rating from the specialized agency Sustainalytics, with a score of 24.9 which places the Group in the first third of utilities assessed in the world in terms of ESG risk management.

Milan, February 13, 2024 - Edison’s Board of Directors met yesterday and examined the financial statements as at December 31, 2023: 140 years after the start of operations, Edison closed 2023 with strong growth in all business areas and achieved an ESG rating from Sustainalytics that confirms its attention to sustainability issues.

Specifically, EBITDA amounted to 1,808 million euros, up 71% on 2022, thanks to the strong contribution of renewable operations and, in particular, the recovery of hydroelectric production after the severe drought of 2022; as well as the positive contribution of Edison Energia in the Gas&Power segment, which reached over 2 million contracts in 2023, and of Edison Next’s energy and environmental services. In the retail sector, it should also be noted that in February 2024 Edison was awarded four lots for a total of around 700,000 customers from the auction led by the Italian regulator ARERA. The good performance of Edison’s gas portfolio also contributed to this strong level of EBITDA despite the material negative impact deriving from the non-delivery of LNG from the US which resulted in the company initiating an arbitration proceeding against Venture Global Calcasieu Pass LLC at the London Court of International Arbitration.

The Edison Group closed the 2023 financial year with a profit of 515 million euros up from 151 million euros in 2022, which was burdened by a tax rate of 74%1 due to the effect of the application of the 'extraprofits' decrees.

Financial debt at December 31, 2023 showed a credit of 160 million euros, against a debt of 477 million euro at December 31, 2022, thanks mainly to significant cash-flows from the strong operating results. This puts the Group in the best position to achieve its strategic energy security and transition objectives.

In recognition of the Group's commitment to managing and monitoring the environmental, social and governance aspects of its operations, Edison obtained the ESG rating from Sustainalytics at the end of 2023 with a score of 24.9, which – based on the methodology adopted - gives the company a “medium” risk index and confirms its strong level of ESG risk management, placing Edison in the top third of utilities rated worldwide by the Morningstar rating company.



million eurosYear 2023 Year 2022(*)
Sales revenues18,43630,309
Net profit from Continuing Operations582153
Net profit of the Group515151

*Values restated in accordance with IFRS 5. 


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Elena Distaso

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Lorenzo Matucci

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Davide Calvi

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Lucia Caltagirone

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