The increase in profit was driven by the extraordinary items from the partial sale of its electric mobility business to its parent company EnelRegarding the promotion of renewables, the energy company already has 8,500 ‘green’ megawatts, 10% more than in the first half of 2021El total number of customers grows 4% to 10.6 million Endesa obtained a net profit of 1,651 million euros in the first nine months of the year, which represents an increase of 13% compared to the same period last year, driven by the extraordinary items from the partial sale of its electric mobility business to its parent company Enel, the company reported. Without these extraordinary items for a net value of 182 million euros, the electricity company’s ordinary net profit, which is what serves as the basis for the Dividend distribution grew by 0.7% as of September compared to the previous year, to 1,469 million euros, in a more complex and volatile market context than in the first half of the year. or operating (Ebitda) of the energy company stood at 3,710 million euros in the period including extraordinary items, with an increase of 19% compared to September 2021. In comparable terms, Ebitda was 3,472 million euros, which represents an increase of 11%, based on the good behavior of the generation business. This increase was mainly due to the management strategy of the liberalized business (generation and commercialization), which has made it possible to overcome the adverse market circumstances. Specifically, an increase of 38%, up to 2,340 million euros, was recorded in the Ebitda of this liberalized business. The electricity company highlighted that this growth in the gross margin of the liberalized businesses has allowed it to compensate for the decrease in the result of the activity regulated distribution company, which was mainly affected by the update of the remuneration for the 2017-2019 period, negative settlements from previous years and an increase in fixed costs of 56 million euros. In total, the Ebitda of the networks business fell by 21%, to 1,132 million euros. With these figures in the first nine months of 2022, the group ratified its objective of an ordinary net profit for the entire year of 1,800 million euros .Endesa highlighted that these results have been achieved in a context marked by the outbreak of the war in Ukraine and the rise in prices of energy raw materials, particularly gas, which has led to an average cost of electricity in the wholesale market Iberian market from January to September, which has grown by 137% year-on-year, to 186 euros per megawatt hour (MWh), being the year with the highest prices in history. The CEO of Endesa, José Bogas, highlighted that in this difficult conjuncture, “the solid performance” of the group’s liberalized business “is a clear example of how the vertically integrated company model allows us to overcome difficulties”. Due to the promotion of its renewable energies, the energy company has continued with the development of its portfolio, already adding 8,500 ‘green’ megawatts (MW), 10% more than at the end of the first half of last year, out of a total generating park of 16,900 MW in the Iberian Peninsula. The portfolio of renewable projects exceeds 80,000 MW. All the new clean capacity for 2022 is operational or in execution, and 65% of all the new renewable capacity planned at the end of 2024, when the current strategic plan ends, is channeled at the end of September, Endesa added. In addition, the company , after winning the fair transition tender in Pego (Portugal) in the first half of the year, obtained the provisional award of 953 MW of the 1,200 MW of the fair transition tender in Andorra (Teruel) and has already presented the expanded project to achieve the total of that power. 1.2 million more customers In terms of commercial evolution, it registers a net gain of 1.2 million domestic and business electricity customers in the free market compared to September 2021, reaching 6.8 million. With this, the total number of customers grew 4% to 10.6 million. Meanwhile, the network of charging points for electric vehicles deployed by Endesa already totaled 12,000 at the end of September, 43% more year-on-year. The investment made in the first nine months for the energy company amounted to 1,477 million euros, 20% more, of which 73% are allocated to renewables and the distribution network.Increase in net debt to 11,149 millionIn terms of net debt of the company, stands at 11,149 million euros at the end of September, which represents an increase of 2,343 million compared to the end of 2021. This increase is due to the volume of investments -1,583 million euros, investments with criteria of cash, unchanged from a year ago-, the payment of dividends over 2021 (1,532 million euros), partially offset by the free cash flow of 600 million euros achieved in the first nine months of the year. The leverage ratio (debt n eta with respect to Ebitda) stands at 2.3 times, from 2.1 times as of June 2021. The cost of debt remains low, with an average interest rate of 1.1%, four tenths less than at the close of 2021.For their part, the gross debt figures show the impact of the extreme volatility experienced in the third quarter in the international gas market, standing at 21,000 million euros from 14,300 million at the end of the first half. The guarantees (known as collateral) required in the organized gas markets to close purchase contracts in advance have skyrocketed and are the key to this rise. On the other hand, Endesa will hold an extraordinary shareholders’ meeting on November 17 to approve several operations with the parent company Enel to strengthen its position in the international gas markets, as well as to strengthen its position in the face of new peaks of extreme volatility. In this regard, Bogas considered that these preventive operational and financial measures that will be carried out The board will provide the group with “the necessary flexibility in the event that new situations of extreme volatility in the energy markets occur in the short term”. “All this within the usual framework of execution of related operations with our Enel parent company,” he said.