Endesa earns 2,541 million, 77% more, thanks to the boost in the gas business

Endesa registered a net consolidated result of 2,541 million euros in 2022, which represents a growth of 77% compared to a year earlier, driven by the good performance of the gas business as a whole and the minor deterioration in the value of the businesses extrapeninsulares.

Thomas Osborne
Thomas Osborne
24 February 2023 Friday 15:46
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Endesa earns 2,541 million, 77% more, thanks to the boost in the gas business

Endesa registered a net consolidated result of 2,541 million euros in 2022, which represents a growth of 77% compared to a year earlier, driven by the good performance of the gas business as a whole and the minor deterioration in the value of the businesses extrapeninsulares.

The company has announced in the note that accompanies the results that it has resorted to the government's energy tax.

The company breaks its historical record in investment, with 2,343 million, 8% more than the previous year. 76% of this investment is aligned with the taxonomy of the European Union. By 2023, it plans to break its record again by investing 20% ​​more.

In the year it gained 900,000 domestic and business electricity customers in the free market, reaching 6.8 million. With this, the total number of customers grew by 2%, up to 10.5 million

These figures will allow us to propose the distribution of a gross dividend of 1.585 euros per share, 6% higher than expected.