UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM6-K
REPORTOF FOREIGN PRIVATE ISSUER
PURSUANTTO RULE 13a-16 OR 15d-16 UNDER
THESECURITIES EXCHANGE ACT OF 1934
Forthe month of August, 2023
EMPRESADISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (EDENOR)
(DISTRIBUTIONAND MARKETING COMPANY OF THE NORTH )
(Translationof Registrant's Name Into English)
Argentina
(Jurisdictionof incorporation or organization)
Av.del Libertador 6363,
12thFloor,
Cityof Buenos Aires (A1428ARG),
Tel:54-11-4346-5000
(Addressof principal executive offices)
(Indicateby check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form20-F
X
Form 40-F
(Indicateby check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the informationto the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes
No
X
(If"Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-
.)
PRESS RELEASE
FIRST SIX-MONTH PERIOD: INCREASE IN ELECTRICITY INVESTMENTSAND OPERATING LOSSES
Buenos Aires, August 9, 2023,
TheBoard of Directors of Empresa Distribuidora y Comercializadora Norte S.A. ("
Edenor
") approved today its financial statementsfor the six and three-month period
ended June 30, 2023, which show a loss of ARS 17,152 million.
The recent electricity rate adjustments,which implied the increase in the
Distribution Added Value (VAD) of 107.8% for the month of April and 73.7% for
the month of June, resultedin an improvement in the Company's gross margin in
pesos for the first half of the year. Notwithstanding the fact that its
operatingresult still shows negative figures, these measures, added to the
commencement of the Tariff Structure Review process as from June andwhich is
expected to end in 2024, will help achieve a sound balance in the finances of
the Company.
The Company maintains the quality levelsof the electricity service, with the
technical service quality global indicators (SAIDI and SAIFI), being the best
the Company has everachieved in its history. In addition, the customers'
perception of the Company's performance is record.
MAIN FINANCIAL INDICATORS
The prior-year period's figures havebeen restated to reflect the changes in
the purchasing power of the Argentine peso, in accordance with International
Accounting StandardNo. 29 and the provisions of General Resolution No.
777/2018 of the National Securities Commission.
Both,
revenue
and the
gross margin
,reflected in real terms increases of 14% and 4%, respectively, compared to
the same period of the previous year as a consequence of thegranting of the
VAD by the ENRE, effective during the second quarter of 2023.
The
EBIT
resulted in a loss of ARS30,957 million, which reflects both the overall
increase in the Company's operating costs, and, without prejudice to the
foregoing,a deteriorated gross margin due to the non-adjustment of rates for
more than two years, but with positive outlook in the near future.
The
loss for the period
as of June30, 2023 amounted to ARS 17,152 million, due mainly to both the
deterioration of the operating result and a greater financial burden
resultingfrom the deferral of the payment of obligations with the Wholesale
Electricity Market.
As for
Investments
, in the first 6months of 2023, they amounted to ARS 27,709 million, which in
constant values are 49% more than the investments recorded in the firsthalf of
2022. This indicates that we continued implementing our plan with direct
positive impact on the quality of the service.
OPERATING INDICATORS
Electricity sales
in the first halfof 2023 increased 7% to 12,177 GWh, as compared to the 11,391
GWh sold in the same period of the previous year, whereas the level of
customersremained constant.
SIGNATURES
Pursuantto the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf bythe
undersigned, thereunto duly authorized.
Empresa Distribuidora y Comercializadora Norte S.A.
By:
/s/ German Ranftl
German Ranftl
Chief Financial Officer
Date:August 10, 2023
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