Edison, the accounts for the first nine months of 2019

<! – ->Edison announced the results of the first nine months of 2019, period ended with revenues of 6.09 billion euros, down 1.8% compared to the 6.21 billion obtained in the first three quarters of last year, following the decline in revenues from gas trading activities (-7.4%). On the other hand, gross operating profit was up sharply, which rose from € 337 million to € 456 million (+ 35.3%). The energy company has completed the first nine months of the year with a net loss (excluding minority interests) of 386 million euros, compared to the profit 87 million recorded in the same period of 2018; the figure includes the net loss of 511 million following the write-downs related to the E&P assets being disposed of.

At the end of September, Edison's net debt had risen to 779 million euros, compared with 416 million euros at the beginning of the year, following the application of the new accounting standards and the acquisition of EDF EN Italia which led to the perimeter of the company 293 MW of renewable capacity.

Edison's top management expects to close the current year with a gross operating margin of between 550 and 600 million euros, confirming the indication distributed on the occasion of the half-year report.

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