Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Endesa Nine-Month Net Falls 27% as Gains From Asset Sales Drops

Don't Miss Out —
Follow us on:

Nov. 8 (Bloomberg) -- Endesa SA, Spain’s second-biggest utility, said nine-month profit declined 27 percent after gains from asset sales dropped.

Net income fell to 1.98 billion euros ($2.72 billion) from 2.72 billion euros in the year-earlier period, the Madrid-based power company controlled by Italy’s Enel SpA said in a filing today. Gains from selling assets plunged 85 percent to 165 million euros.

Enel owns 92 percent of Endesa after gaining control of the company in 2007. As part of that deal, Endesa transferred some renewable-energy units to builder Acciona SA and sold assets to Germany’s E.ON AG. The company has been selling more units to increase savings after the takeover.

To contact the reporters on this story: Joao Lima in London at Todd White at

To contact the editor responsible for this story: Will Kennedy at