The results achieved during the first quarter of 2022 show EBITDA of € 363 million and a Group Net Profit attributable to shareholders of € 118 million thanks to the effective management of the integrated energy chain, organic growth based on investments made, the stabilisation of margins through the capacity market and the growing positioning in the generation of renewables. Gross capital expenditure of € 378 million, up 2.3 times from 31 March 2021, was largely covered by the operating cash flows for the period. In addition, the optimal management of the net working capital allowed the increase in the Net Financial Position to be limited.