Sector: Utilities | Industry: Electric Utilities |
Company Contact | |
Address: | Libertador Del Av 6363, Depto 1 BUENOS AIRES 1428 |
Tel: | N/A |
Website: | https://www.edenor.com |
IR: | See website |
Key People | ||
Daniel Marx Chairman of the Board, Chief Executive Officer | German Ranftl Chief Financial Officer, Controller | Pablo Perez Chief Operating and Customer Services Officer |
Ignacio Letemendia Chief Human Resource Officer | Diego Poggetti Chief Information Technology and Telecommunications Officer | Fabiana Colombo Chief Purchases, Logistics and Supply Officer |
Miguel Farrel Chief Technical Officer | Ricardo Luttini Chief Internal Audit Officer | Maria Jose Van Morlegan Chief Legal Officer |
Business Overview |
Empresa Distribuidora y Comercializadora Norte S.A. is a public service company. The Company is engaged in electricity distribution in Argentina. It holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires. The Company's concession area of approximately 4,637 square kilometers is divided into three operating territories: Region I, which consists of over 251 square kilometers; Region II, which consists of approximately 1,761 square kilometers, and Region III, which consists of over 2,625 square kilometers. Region I includes Ciudad de Buenos Aires, San Isidro, Vicente Lopez, San Martin and Tres de Febrero districts. Region II includes La Matanza, Moron, Hurlingham, Ituzaingo, Merlo, Marcos Paz and Gral. Las Heras districts. Region III includes Pilar, Escobar, Tigre, San Fernando, San Miguel, Malvinas Argentinas, Jose C. Paz, Moreno and Gral. Rodriguez districts. |
Financial Overview |
For the nine months ended 30 September 2024, Empresa Distribuidora y Cmrz Nrt SA(ADR) revenues increased from P$378.81B to P$1.413T. Net income increased from P$52.92B to P$235.07B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from RECPAM - Adjustment related to Inflation increase from P$215.91B to P$527.08B (income). |