(Reuters) - Italian energy group Edison on Thursday forecast a 2025 core profit of between 1.2 billion and 1.4 billion euros ($1.25-1.46 billion) due to a downward trend in energy prices. The Italian
Edison Expects Reduced 2025 Profit Due to Energy Price Drop
(Reuters) - Italian energy group Edison on Thursday forecast a 2025 core profit of between 1.2 billion and 1.4 billion euros ($1.25-1.46 billion) due to a downward trend in energy prices.
The Italian subsidiary of France's EDF posted full-year 2024 earnings before interest, taxes, depreciation and amortisation of 1.71 billion euros, down from 1.81 billion euros the previous year but beating its own guidance of 1.65 billion euros.
Lower gas prices were offset by a solid performance in renewable energy production, which totalled 28% of its generating mix last year driven by hydroelectric power, the firm said.
Edison proposed a dividend of 0.06 euros per ordinary share, and 0.09 euros per savings share.
($1 = 0.9586 euros)
(Reporting by Romolo Tosiani; Editing by Kirsten Donovan)
