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 |
---|
Sales revenues | 6,120 | 7,111 |
EBITDA | 544 | 357 |
EBIT | 462 | 242 |
Net profit from Continuing Operations | 311 | 66 |
Group net profit | 288 | 27 |
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