Endesa closed 2022 with a net profit 2,541 millionA 77% more than in 2021when adversely affected asset impairment electricity production in non-peninsula(Canary Islands, Balearic Islands, Ceuta and Melilla) 489 million Euros as well as smooth functioning of the gas business throughout the year. The ordinary net profit of the group, dividend distributionIt rose 26% to 2,398 million, which brings the shareholder – 70% owned by Italy’s Enel – a payment of 1,585 Euros per share, 6% higher than expected.
“Extraordinary” context gas market encouraged increased generation with gas combined cycles to generate electricityalso a better performance of the wholesale gas trading business. So much so that the margin of this business reached within the year 6 euros per megawatt-hour From the abnormally low level in 2021 (1 euro per megawatt-hour).
Gas was able to offset the worst behavior in the world. commercial business -Endesa maintains its policy “affordable prices” in the context of high prices-; related to renewable, due to low hydraulic production; And electricity distributionaffected by regulatory measures. However, the company continued to grow in the free market (more profitable than the regulated market). 900,000 more customers15% more until you reach the figure 6.8 million400,000 are companies (a hundred thousand more than the previous year). Customers covered by the regulated rate total 3.7 million. In total, the company gained 2% more electricity customers in Spain and Portugal, reaching 10.5 million.
Gross operating profit (Ebitda) 5.327 million25% higher than the previous year. Investment hits all-time high With 2.343 million, which is 8% more than the previous year, the company expects to break its record again by investing 20% more until 2023.
Extraordinary income tax
The energy company led by José Bogas also announced He challenged the tax on 1.2% of his income before the National Court It is considered “discriminatory and unfair”, adding to the objection filed by electricity employer Aelèc. In the presentation of its quarterly results, the company announced that this tax would have an impact of around 300 million euros on its accounts this year if there was no update during the day this Friday.