Edison, the Italian subsidiary of the French giant Edf, closed 2014 with a Net income of 40 million, a decrease of 58,3% compared to 2013 on sales revenues stable at 12,325 billion euros, according to the press release released by the company.
The mol drops by 16% to 814 million. But in 2015 the company estimates the EBITDA at at least 1 billion, taking into account the impact of the results of the arbitration with Eni for the gas supply contract from Libya.
The results of 2014 and 2013, the company notes, include the one-off impact of the agreements for the review of long-term gas supply contracts from Algeria, Qatar (signed in 2013) and Russia (concluded in 2014). Net of this effect, the gross operating profit recorded an increase of over 2014 million euro in 100 compared to the previous year. Debt drops to 1,8 billion, down by 700 million.
In the note, Edison underlines that the Italian electricity demand decreased by 3% compared to 2013 to 309 TWh, i.e. at 2005 levels. Italian gas consumption which last year fell to 61,4 billion cubic meters, equal to a decrease of 11,6% compared to 2013.
