Edison: renewables, gas portfolio and energy sales drive S1 results. Revenues at €7.3 billion, EBITDA +20.3% to 967 million euros and profit uo +18.2% to 221 million euros.

Milan, July 25, 2024 – Edison’s Board of Directors met yesterday and reviewed the Semi-annual Report as at June 30, 2024, which closed with a solid overall operating performance. 

EBITDA rose by 20.3% to 967 million euros in the first half of 2024, from 804 million euros in the same period of 2023, driven in particular by renewables, which came to account for one third of the Group’s electricity production mix during the period, thanks mainly to the recovery of the hydroelectric sector: Also contributing to this performance are Gas portfolio optimisation activities and sales to the Business and Retail segments (B2B and B2C) of Edison Energia, which increased its customer base by 15% in the first six months of the year compared to the same period of 2023. 

As a result of such strong operating performance, Edison Group ended the first half of 2024 with an increase in net profit to 221 million euros (+18.2%) taking into account a material provision for territorial regeneration activities, from 187 million euros in the first half of 2023. 

Financial debt as at June 30, 2024 showed a credit of 226 million euros, against a credit of 160 million euros at December 31, 2023, mainly due to the significant cash generation from the strong operating results.

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