Iren closed the first six months of 2013 with a net profit of 116,6 million euros, up 46,1% compared to the same period a year ago, despite a 19,6% drop in revenues to 1.822,8 millions.
The reduction in turnover, as explained in a note, is "mainly attributable to the group's commercial strategy, contemplated by the Business Plan to 2015 and confirmed in the first quarter of the year, which provides for a greater focus on the sales segments to micro-business and retail customers ”.
EBITDA rose by 11,7% to 376,03 million and EBIT by 22,6% to 240,18 million. Net financial debt as at 30 June 2013 amounted to 2.467 million, down by 3,4% compared to 2.555 million at the end of 2012, thanks to the positive effects of the economic results and the actions taken by the group which made it possible to contain investments and working capital.
The title shines on the Stock Exchange on the wave of positive results. In the early hours of the afternoon, it recorded an increase of 3,13% (0,91 euros). In the morning the action had gained further ground (0,92 euros), not far from the annual record a 0,9650.
