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Iren: first quarter profit +47,4%

Consolidated revenues for the first three months of 2013, equal to 1.120,7 million euros, show a decrease compared to 1.317,3 million euros in 2012 – The result is mainly attributable to the commercial strategy of the group which envisages a greater focus on selling to microbusiness and retail customers.

Iren archive the first quarter with a net profit of 81,1 million euros, growing sharply (+47,4%) if compared with the 55 million euro of the same period of the previous year. Net financial debt amounted to 2.504 million euros, down 2% from the 2.555 million euros at December 31, 2012 and 13,5% from the 2.893 million euros at March 31, 2012. Gross investments made in period amounted to 46,0 million euro.

Consolidated revenues for the first three months of 2013, equal to 1.120,7 million euros, show a decrease compared to 1.317,3 million euros at 31 March 2012. This result is mainly attributable to the commercial strategy of the Group, already illustrated in the presentation of the industrial plan to 2015, which provides for a greater focus on the sales segments to micro-business and retail customers.

At the beginning of the afternoon, Iren's stock gained 1,36%. 

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