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Energy: robust half-year for European utilities, running profits

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The taxman does not go on vacation, in August 205 obligations (ANSA)

(ANSA) – MILAN, AUGUST 13 – The utility sector in Europe closes a first half with growing profits thanks to the increase in energy prices, the contribution from renewables and activities outside the EU. This is what emerges from a Bloomberg Intelligence analyst.

The results, according to analysts, are destined to grow also in the second half, despite the rush of inflation and the volatility of the energy market.

The utilities listed on the stock exchange and included in the Stoxx Europe 600 index, meanwhile, are preparing to face a significant investment package for the modernization of grid infrastructures and to increase the capacity of energy from renewable sources. According to estimates, this is a package of 95-100 billion euros per year in 2022-2023. (HANDLE).

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Source: Ansa

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