Q4 results very much in line with expectations Q4 EBIDTA was down 6% YoY, though very much in line with consensus estimates. Net profit was down 13% YoY due to operational leverage but well above expectations thanks to the positive contribution of tariff deviation interests and tax credits in Chile and Portugal. Net debt is significantly above 2022 levels (+34%) at EUR2,748m. Excluding the tariff deviation, there would have been a net debt reduction of c.4%. Capex accelerated on the electricit ....