Edison closes the 9 months with revenues at 7.2 billion euros and EBITDA showing strong growth at 647 million euros.

Edison raises the EBITDA forecast for 2017 to approximately 750 million euros. Net result of -110 million euros (-107 million euros in the 9 months of 2016) affected by the volatility connected with hedging. Debt improves further at 622 million euros from the 1,062 million euros as at December 31, 2016.

 

Milano, October 26, 2017 – Edison’s Board of Directors, meeting today, examined the Quarterly Report at September 30, 2017 and raised EBITDA forecasts for the whole 2017 to approximately 750 million euros, in light of the excellent performance recorded during the first nine months of the year. During the period, all business areas, in particular thermoelectric generation and E&P, recorded a significant increase in margins, benefiting from the increase in demand and prices of electricity, gas and oil. The achievement of this result was also partly due to the change in scope of consolidation of the business dedicated to energy and environmental services, which includes the results of Fenice¹ and the additional cost saving measures implemented by the Group. The 110 million euros loss (-107 million euros in the same period last year) is affected by the temporary effect of the volatility of commodities and currency hedges.

EDISON GROUP HIGHLIGHTS
In millions of euros	9 months 2017	9 months 2016
Sales revenues	7,215	7,974
EBITDA	647	489
EBIT	84	(10)
Group interest in net loss	(110)	(107)

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Public disclosure obligations pursuant to Consob Resolution No. 11971 of 14.5.1999, as amended.

¹ Fenice has been consolidated since April 1, 2016.