Edison closes the first quarter of 2023 with revenues at 6.1 billion euros, with Ebitda and profit increasing to 544 million euros and 288 million euros respectively thanks to good operating performance

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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