Endesa : 2023 lower than expectations, but guidance 2024 unchanged
>2023 results lower than consensus - The company just released its 2023 figures which are lower than our expectations and the consensus affected by several one-offs. On a recurring base (EBITDA € 4.39bn), figures are almost in line with our forecasts, and operational performance was mainly driven by continuous recovery of the integrated business (generation and supply), even if gas margins are still affected by negative hedging and back to normal regulatory environmen...Endesa is engaged in the production, transmission, distribution, and supply of electricity, through hydroelectric, fossil fuel, and nuclear generation. Co. is also engaged in the mining of coal for use in its fossil-fuel electric plants; mining research; land restoration, and environmental monitoring and control.
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