Full Year 2023 Endesa SA Earnings Call Transcript
Good morning and thank you for joining us today. Welcome to the full year 2023 results presentation, which will be hosted, as always, by our CEO, Jose Bogas; and the CFO, Marco Palermo. Following the presentation, we will have the usual Q&A session open to those connected on the call and on the web. Thank you.
And now, let me hand over to Jose Bogas.
Thank you, Mar, and good morning, everybody. Let's start with the highlight of the period. Although last year was marked by a sense of gradual normalization, we still saw the negative effects of the extraordinary market and energy conditions since in 2022 that still impacted this set of results, which are barely comparable to the outstanding results obtained in the year before. In this context, like-for-like EBITDA, which excludes the retroactive gas arbitration award and the provision for the digitalization process amounted to EUR 4.4 billion, 18% lower than in 2022, heavily affected by
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