Edison reported a 4.3% and 9.9% increase in sales volumes in its electricity and hydrocarbons operations, respectively. The utility also reported an increase in unit revenues made possible by favorable conditions in the benchmark macroeconomic scenario, characterized by sustained demand for energy and rising prices for petroleum products.
Edison’s earnings before interest, taxes, depreciation and amortization (EBITDA) totaled E307 million for the quarter ending on March 31, 2008.
The decrease of 22.7% in EBITDA, compared with the first quarter of 2007, is reportedly attributable to the group’s electric power operations, which were adversely affected by the impact of unfavorable regulatory developments.
During the first three months of 2008, Edison booked revenues of E2.5 billion, an increase of 12.1%, compared to the same period for 2007. This positive performance was reportedly made possible by a growing sales volume and by an increase in unit revenues driven by rising demand and higher prices in the international markets for energy commodities.
