Empresa Distribuidora y Comercializadora Norte SA (FRA:PWD1)

Q1 2026 Empresa Distribuidora y Comercializadora Norte SA Earnings Call Transcript

May 11, 2026 / 01:00 PM GMT

Release Date Price: €20.6 (+4.57%)

Transcript

Key Points

Positve

Empresa Distribuidora y Comercializadora Norte SA (EDN) reported a significant 127% increase in EBITDA for the first quarter of 2026, indicating strong financial performance.
The company has successfully normalized its debt with CAMESA and is fully complying with payment plans, improving its financial stability.
EDN has implemented a five-year tariff review with automatic monthly adjustments, contributing to revenue growth.
The company has reduced operating expenses by 9% through cost management initiatives, enhancing profitability.
EDN's investment in infrastructure, such as new substations and smart meters, is improving service quality and operational efficiency.

Negative

Energy sales for the first quarter were down 1.6% year-over-year, primarily due to lower demand from residential customers and economic factors.
The company's revenues remained flat in real terms compared to the previous year, despite higher tariffs and reduced subsidies.
There is ongoing uncertainty regarding the regulatory asset claim for tariff adjustments between 2019 and 2023, which is still under government review.
The company experienced a decline in energy purchase costs due to lower demand, which could impact future revenue growth.
CapEx for 2026 is expected to be lower than in 2025, potentially affecting the pace of network expansion and technological adaptation.

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
Q1 2026 Empresa Distribuidora y Comercializadora Norte SA Earnings Call
May 11, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome. This is Lucila Ramacho, Investor Relations Deputy Manager at EDNOR. On behalf of EDNOR, we would like to thank everybody for participating in this conference call to discuss the results of the first quarter 2026.

We also held on important recent developments and advances in our effort to express our position as an energy leader.

If you would like to receive our earnest 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 government.

This event is being recorded. After the compelling remarks are

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