Empresa Distribuidora y Comercializadora Norte SA (FRA:PWD1)

Q4 2024 Empresa Distribuidora y Comercializadora Norte SA Earnings Call Transcript

Mar 10, 2025 / 02:00 PM GMT

Release Date Price: €33 (+3.77%)

Transcript

Key Points

Positve

Empresa Distribuidora y Comercializadora Norte SA (BUE:EDN) reported a significant improvement in operating results with a profit of 207.3 billion pesos for the full year 2024, driven by tariff increases.
The company successfully returned to international markets with an issuance of $184 million in class seven notes, improving its debt profile and credit ratings.
Revenues rose 97% year-over-year in the fourth quarter of 2024, reaching 517.1 billion pesos, largely due to tariff adjustments.
The company has made substantial progress in its five-year tariff review process, which is expected to further enhance financial performance and growth opportunities.
Credit ratings have improved, with upgrades from Standard & Poor's, Moody's, and Fitch, reflecting a better risk profile and macroeconomic outlook.

Negative

Sales volume in the fourth quarter of 2024 decreased by 1.6% compared to the same period in 2023, affected by economic conditions and temperature variations.
Energy losses increased to 15.2% for the full year, up from 14.1% in 2023, indicating challenges in reducing inefficiencies.
The company faced a technical accounting issue related to deferred tax liabilities, which required adjustments for the period 2018 to 2024.
Despite improvements, the company still faces high energy purchase costs due to reduced subsidies, impacting operating margins.
The regulatory environment remains challenging, with ongoing negotiations and appeals regarding tariff proposals and rates of return.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EDNm.BA - Empresa Distribuidora y Comercializadora Norte SA
Q4 2024 Empresa Distribuidora y Comercializadora Norte SA Earnings Call
Mar 10, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. On behalf of EDO, we would like to thank everybody for participating in this conference call to discuss the results of fiscal year 2024 and the fourth quarter ending December 21st, 2024 that were released on Friday, March 7th.

We will also highlight important personal developments and advances in our efforts to strengthen our positions at Energy.

If you would like to receive our earning release or presentation, you can download them easily from the investor relations section of our website located at www.ednr.com or contact our investor relations team to request the documents. This event is being recorded. After the company's remarks are

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