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4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Edison SpA    EDN   IT0003152417

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Edison SpA : 27/04/2012 Price sensitive Edison 2012 first-quarter results: revenues increase to 3.1 billion euros (+ 13%), EBITDA in line with 1Q 2011

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04/27/2012 | 02:01pm CEST

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 [email protected]
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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NameTitle
Marc Benayoun Chief Executive Officer & Director
Jean-Bernard Lévy Chairman
Pierre Vergerio Chief Operating Officer
Didier Calvez Chief Financial Officer
Claudio Serracane Head-Research Development & Innovation
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