Edison S.p.A. announced consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported sales revenues of EUR 5,468 million compared to EUR 5,619 million a year ago. EBITDA was EUR 340 million compared to EUR 204 million a year ago. EBIT was EUR 21 million compared to LBIT of EUR 155 million a year ago. Loss before taxes was EUR 36 million compared to loss before taxes of EUR 152 million a year ago. Loss was EUR 56 million compared to loss of EUR 192 million a year ago. Basic and diluted loss per common share were EUR 0.0132 compared to basic and diluted loss per common share of EUR 0.0406 a year ago. Cash flow from continuing operations was EUR 502 million compared to EUR 402 million a year ago.

Taking into account the results for the first half of the year and considering current market conditions, 2016 EBITDA in confirmed at approximately EUR 650 million, including Fenice contribution for 9 months, equal to about EUR 60 million. It should be recalled that the 2016 EBITDA will not benefit from the extraordinary components recorded in 2015 (Libyan contract arbitration).