Endesa Confirms Full Year Guidance After Q1 Profit Beat
The Spanish utility reported a 24% increase in first-quarter net profit to 725 million euros, surpassing analyst expectations of 620 million euros. Strong demand in residential and services sectors supported the results as the company maintains its full-year profit target of up to 2.4 billion euros.
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ENDESA SA posted a 24% rise in first-quarter net profit to €725 million, beating market expectations of €620 million. The result outpaced the €583 million recorded a year earlier as residential and services demand remained resilient in Spain. Reconfirmed full-year guidance signals stability for the company as it executes a €10.6 billion infrastructure investment plan through 2028.
