Strong Financial Performance
Ordinary EBITDA for the 9 months reached EUR 17.4 billion, up by 6% compared to the previous year, with Ordinary net income at EUR 5.8 billion, an increase of 16% year-on-year.
Positive Grid Performance
Grids EBITDA stood at EUR 5.9 billion, up by 6% year-on-year. Strong performance in Europe was driven by Italy and Spain, with Italy increasing by approximately EUR 200 million.
Integrated Business Growth
Integrated business increased by EUR 1.6 billion year-over-year, with renewables showing significant growth of EUR 2.3 billion driven by successful hedging strategies and higher production.
Efficiency Program Progress
Savings reached around EUR 600 million compared to 2022, achieving 60% of the 2026 target, mainly through business portfolio rationalization.
Cash Generation and Debt Reduction
Net debt was reduced by EUR 2 billion, with a net debt-to-EBITDA ratio expected to reach 2.4x by the end of the year.