07-05-2025
Italy's Edison reports higher revenue, but core profit drops
General view of EDF's Italian subsidiary Edison thermoelectric power plant in Marghera, Italy, January 25, 2023. Edison/Handout via REUTERS/File Photo Purchase Licensing Rights , opens new tab
May 7(Reuters) - Italy's energy company Edison (
, opens new tab almost halved its first-quarter core profit compared to last year, despite reporting higher revenues, citing a market rebalance after a strong performance in 2024 and lower optimisation of its gas business.
The group's core profit dropped 39.5% from a year earlier to 360 million euros ($408.78 million), but the company said it is in line with expectations.
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Revenue came in at 5.54 billion euros, up 36% over the period, mainly pushed up by higher volume and prices.
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($1 = 0.8807 euros)
Reporting by Alberto Chiumento; Editing by Jacqueline Wong
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