Edison: renewables, gas portfolio and retail energy sales drive 9 months results. revenues at 10.9 billion, ebitda +13.3% to 1.4 million, profits at 403 million euros

Milan, October 30, 2024 – Edison’s Board of Directors met yesterday and reviewed the Quarterly Report at September 30, 2024, which closed with a solid operating performance across all business areas.

In the first nine months of 2024 EBITDA increased by 13.3% to 1.4 billion euros, up from 1.2 billion euros in the same period in 2023. Profitability was driven in particular by renewables - which came to account for more than 29% of the Group's electricity production mix in the period - the gas portfolio optimisation activities and sales in the Retail segments (B2B and B2C).

The Edison Group ends the first nine months of 2024 with a net profit of 403 million euros, down from 486 million euro in the same period in 2023, mainly as a result of provisions taken for territorial regeneration activities.

Financial debt as at September 30, 2024 showed a credit of 52 million euros, against a credit of 160 million euros at December 31, 2023.

 

EDISON GROUP HIGHLIGHTS

In millions of euros	9 months 2024	9 months 20231
Sales revenues	10,936	14,048
EBITDA	1,395	1,231
EBIT	600	740
Net profit from Continuing Operations	414	532
Net profit of the Group	403	486

^{1 These values have been restated in accordance with IFRS 5} 

 

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