Thursday, June 30 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Jun 27
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Endesa beefs up revenues by 59% y/y in Q1 2022

    May 10, 2022 - SeeNews Renewables


      May 10 (Renewables Now) - Spanish utility Endesa SA (BME:ELE) on Tuesday reported revenues of EUR 7.6 billion (USD 8.0bn) for the first quarter of 2022, up 59.1% year-on-year, highlighting strong sales at almost all segments.

      The company drew roughly EUR 5.3 billion of its revenues from electricity sales, up 57.7%, and EUR 1.6 billion from gas sales, the latter representing an increase of 138.6% year-on-year. The results came mainly on the back of the increase in prices, and despite lower sales in terms of units of electrical power during the quarter and variations in customer numbers between the two comparable periods.

      Net ordinary profit for the January-March quarter came at EUR 338 million, lower by 31.2% year-on-year since the bottom line in the same period in 2021 had been inflated by extraordinary income. For the same reason, EBITDA of EUR 914 million represented a decrease of 10.4% in annual terms. Without the impact of the last year's one-off, net profit would have grown by 14%, Endesa said.

      Selected figures for the period are presented in the table below:

      Figures in GWh: Q1 2022: y/y change:
      Electricity generation 15,462 4.5%
      Renewable electricity generation 2,980 -31.7%
      -- Hydro 1,137 -51.7%
      -- Wind 1,551 -16.4%
      -- Solar PV 292 96.0%
      Net electricity sales 19,593 -5.5%
      Gas sales 20,514 -8.8%

      Endesa close the reporting period with 8,445 MW of net installed renewable energy capacity across hydroelectric plants, wind and solar farms in Spain, compared to 8,389 MW it had at the end of December 31.

      Endesa said that it maintains the forecast for the current fiscal year despite the deteriorated macroeconomic environment, high prices of raw materials and gas. The utility expects to close the year with an ordinary net profit of EUR 1.8 billion and EBITDA of EUR 4.1 billion.

      (EUR 1.0 = USD 1.057)


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.