Edison's group 2010 results at breakeven due to the natural gas market and writedowns

Edison’s Board of Directors met today to review the Annual Financial Statements at December 31, 2010

Revenues increase to 10,446 million euros (+18%), thanks to growth by the sales activities, and EBITDA amount to 1,369 million euros (-6.9%), reflecting the impact of non-existent margins on natural gas imports and sales. Group net profit totals 21 million euros (240 million euros in 2009), after conservative asset writedowns and provisions of more than 400 million euros. No dividend distribution, due to the loss reported by Edison Spa (-86 million euros).