EBITDA and Net Income Growth
EBITDA increased by 12% year-on-year to EUR 2.7 billion, and net income rose by 30% to EUR 1 billion, indicating strong profitability.
Cash Generation and Shareholder Returns
Cash generation was strong, with FFO doubling compared to the same period last year. Approximately 40% of the EUR 500 million share buyback program was executed by the end of June.
Renewable Capacity Expansion
Endesa added 0.7 gigawatts of new renewable capacity, bringing the total to nearly 11 gigawatts. As a result, 79% of the mainland generation mix is now emission-free.
Demand Growth
Mainland electricity demand showed a steady recovery, with a 2.7% growth year-on-year, while Endesa's figure climbed to 4.7%.
Strong Gas Margin Performance
The gas margin showed a strong improvement, driven by favorable previous hedging positions and price resilience in the B2C segment.