Endesa’s 2023 Net Profit Plunges: Understanding Factors Behind the Decline and Outlook for 2024
Spanish power utility Endesa (ELE.MC) reported a significant decrease in its net profit for 2023, falling short of analyst expectations by 71%. The decline was attributed to various factors, including decreased demand for energy and lower prices in the gas and energy markets. Owned by Italian energy giant Enel (ENEI.MI), Endesa’s net profit for the […]