Edison SpA reported consolidated and parent earnings results for the first half of fiscal year 2012. For the period, on consolidated basis, the company reported sales revenues of EUR 5,809 million against EUR 5,325 million a year ago. EBITDA was EUR 301 million against EUR 414 million a year ago. LBIT was EUR 50 million against EBIT of EUR 132 million a year ago. Loss from continuing operations was EUR 100 million against EUR 18 million a year ago. Capital expenditures of continuing operations were EUR 157 million against EUR 228 million a year ago. Investments in exploration were EUR 56 million against EUR 7 million a year ago. Net financial debt was EUR 3,189 million against EUR 3,866 million a year ago. Cash outflow from operating activities was EUR 279 million against cash inflow from operating activities of EUR 41 million a year ago. For the period, on parent basis, the company reported sales revenues of EUR 3,341 million against EUR 2,851 million a year ago. LBITDA was EUR 70 million against EBITDA of EUR 56 million a year ago. LBIT was EUR 242 million against EUR 85 million a year ago. Loss before taxes was EUR 182 million against EUR 109 million a year ago. Loss from continuing operations was EUR 111 million against EUR 74 million a year ago. Loss for the period was EUR 31 million against EUR 96 million a year ago. Additions to intangibles and property, plant and equipment were EUR 31 million against EUR 70 million a year ago. Net financial debt was EUR 1,492 million against EUR 1,965 million a year ago. Cash used in operating activities of continuing operations was EUR 192 million against EUR 308 million a year ago. For fiscal year 2012, the company provided earnings guidance. The company reported that considering the presence of a persistent, strong competitive pressure, both in the electric power and natural gas sectors, and continuing demand weakness, group EBITDA for the full year are expected to range between EUR 1,100 million and 1,200 million in 2012, including the full effect of the renegotiation of the contracts for the supply of gas from Libya and Qatar.