Edison S.p.A. announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues of EUR 2,836 million compared to EUR 3,046 million a year ago. EBITDA was EUR 229 million, EBIT was EUR 8 million, profit before taxes was EUR 4 million, loss from continuing operations was EUR 14 million and loss was EUR 14 million or EUR 0.0040 per diluted share against EBITDA of EUR 172 million, LBIT was EUR 34 million, loss before taxes was EUR 67 million, loss from continuing operations was EUR 71 million and loss was EUR 71 million or EUR 0.0150 per diluted share for the same period a year ago. Net financial debt as at March 31, 2017 dropped below a billion euros for the first time, coming in at EUR 934 million, from the EUR 1,062 million recorded at end 2016.

For the year 2017, the company expected EBITDA of at least EUR 650 million, in line with 2016.