The financial statements of Edison for the year 2023 showed significant growth in all business areas, with the company achieving an EBITDA of €1,808 million, a 71% increase from the previous year.

This growth was driven by the strong performance of renewable operations, particularly the recovery of hydroelectric production, and positive contributions from Edison Energia in the Gas and Power segment and Edison Next’s energy and environmental services.

Additionally, the company’s gas portfolio and the acquisition of new customers in the retail sector also contributed to the strong EBITDA performance.

Edison closed the 2023 financial year with a profit of €515 million euros, up from €151 in the previous year, which was burdened by a tax rate of 74%1 due to the effect of the application of the ‘extra-profits’ decrees.

The company also reduced its financial debt, showing a credit of €160 million at the end of 2023, compared to a debt of €477 million in 2022, mainly due to strong operating results.

Furthermore, Edison obtained an ESG rating of 24.9 from Sustainalytics, confirming its strong level of ESG risk management and placing the company in the top third of utilities rated worldwide by the Morningstar rating company.

The Edison Group expects an EBITDA of at least €1.5 billion in 2024, considering the current market conditions characterized by high economic and geopolitical uncertainty and a decreasing gas and electricity price scenario, as Edison stated in a press release.