Edison first quarter revenues up 6.4% to 3.5 billion euros, EBITDA at 216 million euros

Milan, May 13, 2014 – Edison’s Board of Directors met today to review the Quarterly Report at March 31, 2014, which shows growing results compared with the same period in 2013, even though demand for electric power and gas contracted further in Italy in response to an economic backdrop more uncertain than originally anticipated. More specifically, abundant water resources and the optimization of the power plants portfolio management boosted the Group’s results for the quarter, which also benefited from the performance registered by the hydrocarbons exploration and production activities and the price review agreements signed last year for the gas purchased from Algeria and Qatar. In a context of strong competitive pressure on the activities involved in natural gas, Edison is engaged in a second cycle of price reviews for the long-term contracts to import gas from Libya and Russia, with the aim of reestablishing a reasonable level of profitability for its portfolio of multi-year contracts.

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