Edison’s 2024 Results Decline, but Sustainability and Renewables Drive Growth

Edison closed 2024 with lower results compared to the previous year: revenues stood at 15.4 billion, EBITDA at 1.7 billion and profits at 403 million euros. Over the course of the year, renewables, flexibility, customers and services activities came to represent 55% of the group’s EBITDA compared to 43% in 2023.

The group, which has focused on the energy transition in recent years, recorded progress towards its sustainability objectives in 2024. The contribution of wind and solar sources and favorable hydraulic conditions have in fact allowed a reduction in emission intensity from 284 grams to 240 grams of CO₂ per kWh of energy produced and a level of avoided emissions equal to 2.8 million tons of CO₂.

Strong ESG ratings confirm sustainability efforts as a core part of Edison’s strategy

According to the company, the contraction in EBITDA is a consequence of the reduction in gas prices and the opportunities to optimize portfolio activities in the Gas Supply area . However, this trend was offset by the robust performance of renewable generation, which in 2024 came to represent 28% of Edison’s generation mix, thanks above all to the increase in hydroelectric generation and the entry into service of new renewable capacity.

Furthermore, in the Customers and Services segment , Edison Energia recorded strong growth in its customer base during the year and Edison Next confirmed the positive contribution to the profitability of decarbonization services for public administrations and industry.

The dynamics recorded at the operational level were reflected in the group’s net profit, which was materially impacted by the provisions for the territorial regeneration activities of the former Montedison sites. Edison closed the year with a net profit of 403 million euros , compared to 515 million euros in 2023.

Financial debt at 31 December 2024 is equal to 313 million euros , compared to the credit position of 160 million euros at 31 December 2023, due in particular to material investments in the energy transition businesses and long-term commitments for territorial regeneration activities.

The increase in Edison’s sustainability performance, expressed by the results of the year, is also confirmed by the opinions of the main ESG rating agencies with respect to the commitment to the management and monitoring of environmental, social and governance aspects.

In 2024, Edison achieved scores from Sustainalytics , S&P and Ecovadis that are constantly improving, proving how sustainability principles are integrated into the group’s growth strategy and are fundamental levers for creating value in the medium-long term for all stakeholders.

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(Featured image by Johannes Plenio via Unsplash)

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