Edison returns to the inventory market, with 30% of the capital available on the market | EUROtoday

Value round 10 billion

Edison presents itself to the market with a steadiness sheet that now not has money owed, however money: as of September 30, 2025, a credit score steadiness of 618 million euros was recorded within the vitality firm’s accounts, in comparison with the debt of 313 million as of December 31, 2024, and that is as a result of impact of working money flows, but additionally, as talked about, of the disposals of Edison Stoccaggio and different non-strategic property, such because the Sesto San Giovanni thermoelectric energy plant and the participation in Elpedison, for round 850 million in complete. Not solely that. The knowledge on the web monetary place must be learn along with an earnings assertion that data good development charges and generates earnings.

At the tip of September (newest knowledge obtainable), the group recorded revenues rising to 13.3 billion (+22%), an Ebitda of 1.08 billion (from 1.39 billion in 2024) and a internet revenue of 251 million. For the tip of the yr the group estimates an Ebitda between 1.3 and 1.4 billion, within the higher a part of the vary initially recognized. Enough to stipulate a valuation of the group which, in keeping with preliminary estimates, could possibly be round 10 billion euros. Which means, for the Transalpine shareholder to gather one thing like two or three billion relying on the valuation on which the vitality firm will probably be positioned and the share that will probably be positioned available on the market. Precious assets for the CEO of EDF, Bernard Fontana, able to sacrifice some actions to push for investments in new nuclear reactors whereas protecting a major debt below management. Especially since on this case the valorization of Edison doesn’t coincide with the lack of management. a minimum of at this stage.

The speculation of a sale and valorization of Edison by the French shareholder was mooted a number of instances in the course of the transalpine administration. At some factors, the French group would even have thought of the sale of its total stake. So a lot in order that, within the midst of reflections, many actors and gamers within the sector would have examined the file: from A2A to Plenitude, the Eni subsidiary.

The choice to proceed with the itemizing thus slows down the ambitions of the opposite gamers within the sector for the second. Unless market circumstances, sooner or later, ought to advise towards persevering with on this course and Edf ought to backtrack and revive the choice of a direct sale of the shares in its possession, at the moment frozen.

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