27.04.12 - 12.57Price sensitive
Strong growth in the E&P sector, with gains in the production of oil (+19%) and gas (+33%). Edison further strengthens its E&P operations thanks to new hydrocarbon discoveries with 18 billion cubic meters of gas (Edison's share 20%) and up to 160 million barrels of oil (Edison's share 15%) in estimated reserves.
Milan, April 27, 2012 - Edison's Board of Directors met
today to review the Interim Report on Operations at March
31, 2012.
In a scenario characterized by a persisting competitive
pressure both in the power and gas markets and the lack of
visibility on the evolution of the gas and power demand in
the country, Edison succeeded in achieving good operating
results maximizing the potential of hydrocarbons business,
which more than doubled its operating performance.
Edison's External Relations Department
Andrea Prandi
External Relations Director
T 02 6222 7331
Stefano Amoroso
Head of Media Relations
T 02 6222 7276
Elena Distaso
T 02 6222 8522
Investor Relations Edison: T 02 62228415; E investor.relations@edison.it
Edison news in real time on www.edison.it e
As required by Article 154-bis, Section 2, of the Uniform
Finance Code (Legislative Decree No. 58/1998), Massimiliano
Masi, in his capacity as "Dirigente Preposto alla redazione
dei documenti contabili societari" of Edison S.p.A.,
attests that the accounting information contained in this
press release is consistent with the data in the Company's
documents, books of accounts and other accounting records.
The Interim Report on Operations at March 31, 2012 was not
audited.
This press release and, specifically, the section entitled
"Outlook for 2012" contain forward-looking statements.
These statements are based on the Group's current
projections and expectations with regard to future events,
which, by their very nature, are subject to an intrinsic
component of risk and uncertainty. Actual results could be
materially different from those contained in the
abovementioned statements due to a number of factors,
including continued volatility and a deterioration of the
capital and financial markets, fluctuations in raw material
prices, changes in macroeconomic conditions and economic
growth rates and other changes in business conditions,
changes in the statutory and regulatory framework and
institutional scenario (both in Italy and abroad), and many
other factors, most of which are beyond the Group's
control.
The Group's income statement, showing the other components
of the comprehensive income statement, balance sheet, cash
flow statement and the statement of changes in consolidated
shareholders' equity are annexed to this press release.
Public disclosure required by Consob Resolution No. 11971
of May 14, 1999, as amended.
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