Edison SpA (EDN.MI), a leading Italian energy company, said Friday its 2011 earnings could fall if the outcome of the renegotiations of long-term natural gas contracts aren't successful.

Edison, which is controlled by Electricite de France SA (EDF.FR) and A2A SpA (A2A.MI), said that without a positive "resolution" of the gas contract renegotiations this year, then its 2011 earnings could be weaker.

Edison said the board of directors approved the 2011 budget, while the new mid-term strategic plan will be assessed at a future unspecified date.

In a statement, the Milan-based company said its 2010 preliminary earnings before interest, taxes, depreciation and amortization, are about EUR1.35 billion.

-By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com
A2A (BIT:A2A)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more A2A Charts.
A2A (BIT:A2A)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more A2A Charts.