In the First Six Months of 2004 ENDESA Raised Global Sales by 9.7% to over 86,000 GWh.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- ENDESA (NYSE NYSE See: New York Stock Exchange :ELE ELE equine leukoencephalomalacia. ) --Sales in the Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. regulated market A regulated market is the provision of goods or services that is regulated by a government appointed body. The regulation may cover the terms and conditions of supplying the goods and services and in particular the price allowed to be charged. rose by 5.5% to 47,593 GWh, outstripping the average increase in Spanish electricity demand. --Sales to deregulated clients rose by 21% in Spain, with particularly strong gains in areas outside ENDESA's traditional base, where growth was 47.5%. --45% of ENDESA's power sales were made in markets outside Spain. --In Europe GWh sales tripled to 12,940. ENDESA (NYSE:ELE) increased sales in the first six months of 2004 by 9.7%, to 86,360 GWh in all the countries where it is active. Growth was particularly strong in the Spanish and European deregulated markets, with rises of 21% and 39%, respectively. Over 45% of ENDESA's power sales were made in markets outside Spain. In the Spanish regulated market, ENDESA's sales between January and June rose by 5.5% to 47,593 GWh. This is higher than the average growth in electricity demand in Spain, thanks to ENDESA's broad and solid customer base - nearly eleven million clients - and rising demand in its core geographical markets, where demand tends to be higher than elsewhere. The biggest rise in demand was in Aragon, up by 21.7%, compared to 6% in Andalusia and Extremadura and 1% in Catalonia. Growth in the Islands was also strong, with sales up by 7% in the Baleares and 9% in the Canaries. Sales in the deregulated Spanish market performed especially well, rising by 21% to 14,500 GWh. This means that over 3,000 GWh were sold outside ENDESA's regional market, a 47.5% increase on the first half of 2003. The rise in ENDESA's home market was 15.4%. Italy and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. Electricity sales in Europe increased 39% in the first six months of the year to 12,940 GWh. This surge was driven by a tripling of sales in the Italian deregulated market to 6,743 GWh, and despite a 13.5% fall in regulated market sales. Distributors' power sales in Latin America have maintained a steady uptrend uptrend A series of price increases in a security or in the general market. Some investors believe a security tends to take on a certain inertia; as a result, these investors search for stock in an uptrend, thinking that it will probably continue to move in , rising by 6.4% overall, with positive growth in all countries where ENDESA has a presence. The Company sold 25,828 GWh in the region. Growth was strongest in Chile with a 8.5% rise to 5,539 GWh and Argentina confirming its economic recovery with a 7.8% rise to 6,726 GWh. In Brazil, sales rose by 4% to 6,711 GWh, in Columbia by 5.3% to 4,754 GWh, and in Peru by 6.1% to 2,097 GWh. |
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