Edison closes Q1 with revenues of 2.5 billion euros, EBITDA of 255 million euros (+27%) and net profit of 79 million euros (42 million euros in Q1 2018)
Milan, May 3, 2019 – The Edison Board of Directors met today to examine the Quarterly Report at March 31, 2019, which closed with a significant increase of the EBITDA thanks to the good industrial performance of all business areas, in particular of the electric power operations (EBITDA +27% in the period) through the significant contribution of renewable sources. Net profit as well reported a growth at 79 million euros compared to the 42 million euros in the same period of 2018.
Net financial debt at March 31, 2019 is 615 million euros (416 million euros at December 31, 2018) and takes into account the application of the new accounting standard IFRS 16 , which as at January 1, 2019 resulted in a debt increase by 165 million euros.
EDISON GROUP HIGHLIGHTS
| in millions of euros | 3 months 2019 | 3 months 20182 |
|---|---|---|
| Sales revenues | 2,511 | 2,419 |
| EBITDA | 255 | 201 |
| EBIT | 150 | 95 |
| Group interest in net Profit(Loss) | 79 | 42 |
Press Release's full text is available downloading the document in PDF format.
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1 Edison has decided to apply the new international financial reporting standard IFRS 16 “Leases” prospectively starting from January 1, 2019, therefore without restatement of comparative data.
2 Sales revenues of the first quarter 2018 have been restated following the application of the ‘combination of contracts’ rule in accordance with the international financial reporting standard IFRS 15, without any impact on EBITDA.
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