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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