Italy's Edison lifts floor of 2025 core profit forecast

Reuters

Oct 30

Italy's Edison lifts floor of 2025 core profit forecast

Oct 30 (Reuters) - Italian energy company Edison EDNn.MI raised the bottom end of its core profit forecast for 2025 on Thursday, after it reported a 22% rise in nine-month sales.

Edison said it now targets earnings before interest, taxes, depreciation and amortization (EBITDA) in a range of 1.3 billion to 1.4 billion euros ($1.5 billion to $1.6 billion), after previously guiding for 1.2 billion to 1.4 billion euros.

The Italian group posted a 23% year-on-year decline in its nine-month EBITDA to 1.08 billion euros due to fewer long-term gas contracts and normalisation of hydroelectric power generation.

Its sales, however, rose to 13.3 billion euros from 10.9 billion in the year-ago period, boosted by an increase in energy volumes and higher average electricity and gas prices.

Edison confirmed that its main shareholder, France's EDF, had initiated a strategic review process aimed at evaluating potential options regarding the level of its stake in the company, while maintaining control.

Earlier this month, EDF picked Intesa Sanpaolo IMI and Lazard as financial advisers to study its options for Edison.

($1 = 0.8575 euros)

(Reporting by Romolo Tosiani in Gdansk; Editing by Anna Pruchnicka and Milla Nissi-Prussak)

((Romolo.Tosiani@tr.com))

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Editing by Anna Pruchnicka and Milla Nissi-Prussak)</p><p>((Romolo.Tosiani@tr.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LAZ","symbol_name":"Lazard Class A","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251030:nL6N3WA0NW:1","article_id":"2579409196","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579409196","pubTimestamp":1761809801,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Oct 30  - Italian energy company Edison EDNn.MI raised the bottom end of its core profit forecast for 2025 on Thursday, after it reported a 22% rise in nine-month sales.Edison said it now targets earnings before interest, taxes, depreciation and amortization  in a range of 1.3 billion to 1.4 billion euros , after previously guiding for 1.2 billion to 1.4 billion euros.The Italian group posted a 23% year-on-year decline in its nine-month EBITDA to 1.08 billion euros due to fewer long-term gas contracts and normalisation of hydroelectric power generation.Its sales, however, rose to 13.3 billion euros from 10.9 billion in the year-ago period, boosted by an increase in energy volumes and higher average electricity and gas prices.Edison confirmed that its main shareholder, France's EDF, had initiated a strategic review process aimed at evaluating potential options regarding the level of its stake in the company, while maintaining control.Earlier this month, EDF picked Intesa Sanpaolo IMI an","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LAZ":"Lazard Class A","BK4127":"投资银行业与经纪业","IE00B19Z6F94.USD":"Legg Mason Royce - US Smaller Companies A Acc USD","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","IE0034390439.USD":"FTGF ROYCE US SMALLER COMPANIES \"A\" (USD) D","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC"},"translate_title":"意大利爱迪生上调2025年核心利润预测下限","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LAZ":0.9},"content_text":"Italy's Edison lifts floor of 2025 core profit forecast\nOct 30 (Reuters) - Italian energy company Edison EDNn.MI raised the bottom end of its core profit forecast for 2025 on Thursday, after it reported a 22% rise in nine-month sales.Edison said it now targets earnings before interest, taxes, depreciation and amortization (EBITDA) in a range of 1.3 billion to 1.4 billion euros ($1.5 billion to $1.6 billion), after previously guiding for 1.2 billion to 1.4 billion euros.The Italian group posted a 23% year-on-year decline in its nine-month EBITDA to 1.08 billion euros due to fewer long-term gas contracts and normalisation of hydroelectric power generation.Its sales, however, rose to 13.3 billion euros from 10.9 billion in the year-ago period, boosted by an increase in energy volumes and higher average electricity and gas prices.Edison confirmed that its main shareholder, France's EDF, had initiated a strategic review process aimed at evaluating potential options regarding the level of its stake in the company, while maintaining control.Earlier this month, EDF picked Intesa Sanpaolo IMI and Lazard as financial advisers to study its options for Edison.($1 = 0.8575 euros)(Reporting by Romolo Tosiani in Gdansk; 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