Milan, May 5, 2023 – Edison’s Board of Directors met yesterday and reviewed the Quarterly Report at March 31, 2023, which shows a solid performance across all businesses.
In the first quarter of the year, EBITDA rose to 544 million euros (by 52.4%) from 357 million euros in the first quarter of 2022. The growth was driven by the strong contribution of renewable power generation and the good performance of the segment Gas&Power Sales to end consumers, after a very difficult performance in 2022.
Edison Group ended the first quarter of 2023 with a net profit of 288 million euros, compared to 27 million euros in the first quarter of 2022, which included an early estimate of the extraordinary tax contribution as a result of the “Taglia prezzi” Decree (D.L. 21/2022).
Financial debt at March 31, 2023 stood at 169 million euros, compared to 477 million euros at December 31, 2022, thanks to the strong operating cash-flows which allow the Group to consolidate its position in the energy transition businesses.
HIGHLIGHTS GRUPPO EDISON
|million euros||3 months 2023||3 months 2022|
|Net profit from Continuing Operations||311||66|
|Group net profit||288||27|
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