Mr. Franco Balsamo has served as Finance Director of Edison SpA since 2002. After graduating in Business Administration in 1985 at Universita Commerciale Luigi Bocconi of Milan, he started his working career in Italian and international banking institutions, with growing responsibilities: at Mediobanca, at ImiSige Group from 1986 to 1990 ; then, from 1990 to 1992, at Barclays Bank Plc of Milan as Director of BU Treasury & Capital Market, and finally at Credit Commercial de France as Financial Director for Italy. In 1995 he joined Montedison Group, now Edison, as Financial Director of Fondiaria Assurance Group. In 1998 he was Finance Director of Montedison, a position that he held till 2002. He is also Director of various companies of the Group and in particular of Edipower SpA and of those belonging to the real estate assets.
Age: 50 Director Since 2002
The company has return on total asset (ROA) of (0.09) % which means that it has lost $0.09 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of (4.69) % meaning that it generated substantial loss on money invested by shareholders.
The company has accumulated 3.83 B in total debt with debt to equity ratio (D/E) of 0.54 which is about average as compared to similar companies. Edison SpA has Current Ratio of 1.06 suggesting that it is not liquid enough and may have problems to pay out its financial obligations in time and when they become due.
Entity SummaryEdison S.p.A., together with its subsidiaries, engages in the procurement, production, and marketing of electric power, natural gas, and crude oil in Europe, Africa, and the Middle East. Edison SpA [EDN] is traded on Milan Stock Exchange in Italy. It is located in Milan, MI and employs 46 people. Filter other
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| EDN Milan #IT0003152417IT
Currency: EUR - Euro
Traded on Milan Stock Exchange
Edison SpA has less than 47.0 (%) percent chance of experiencing financial distress in the next 2 years of operations.
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