Refile: BUZZ-Endesa tracks best day in 4 yrs on FY beat, 'robust' 2028 outlook

Endesa SA

24/02/2026 09:25

Refiles to remove extraneous word from headline.

** Shares in Endesa ELE.MC jump 6.4% after the Spanish utility reported better-than-expected FY results and a 2028 strategic plan, which includes a 10% cut in costs

** JP Morgan says the results are above consensus and the targets for 2028 look robust

** The company reports FY net profit of 2.20 billion euros ($2.59 billion), EBITDA at 5.76 billion euros

** It expects 2028 net profit at 2.5-2.6 billion euros, with EBITDA around 6.2-6.5 billion euros

** Endesa also intends its dividend to represent at least 70% of net profit in 2026-2028, which JPM sees as a weaker policy but it flags the company keeps debt low, which gives room for future growth after 2028

** Shares are on track for their best day in 4 years

($1 = 0.8486 euros)

(Reporting by Gemma Guasch)

((Gemma.guasch@thomsonreuters.com; +48 58 746 90 08))