Edenor Announces Results for the First Nine Months of 2007

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Elkedra	LSE:EDN	London	Ordinary Share	AU000000EDN2	ORD NPV

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

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BUENOS AIRES, Argentina, Nov. 8 /PRNewswire-FirstCall/ -- Empresa Distribuidora y Comercializadora Norte S.A. (NYSE: EDN; Buenos Aires Stock Exchange: EDN) ("EDENOR" or "the Company"), Argentina's largest electricity distributor, today announced its results for the nine months ended September 30, 2007 (third quarter of 2007 accumulated). All figures are stated in Argentine Pesos and have been prepared in accordance with Argentine GAAP. Solely for the convenience of the reader, Peso amounts as of and for the nine- month period ended September 30, 2007 have been translated into U.S. Dollars at the buying rate for U.S. Dollars quoted by Banco de la Naci�n Argentina (Banco Naci�n) on September 30, 2007 of Ps. 3.15. 9M07 Highlights Net Sales increased 47.0% to Ps. 1,503.2 million in the nine-month period ended September 30, 2007, compared to Ps.1,022.9 million in the same period of 2006, mainly due to the application to our non residential customers of the increase in our distribution margin (VAD) from February 1, 2007 and the recording of the retroactive portion of the VAD increase for the period from November 1, 2005 through January 31, 2007, which totals Ps. 218.6 million. As of September 30, 2007 we had already invoiced Ps. 33.5 million of that amount while Ps. 185.1 million remains unbilled. Excluding the unbilled amount of retroactive portion of the VAD increase, net sales in the nine-month period ended September 30, 2007 would have been Ps. 1,318.1 million, representing a 28.9% increase compared to the same period of 2006. This increase is also driven by an increase in the volume of energy sold compared to the nine months ended September 30, 2006. Volume of Energy Sold, increased 9.4% to 13,574.1 GWh in the first nine months of 2007, compared to 12,408.3 GWh in the same period of 2006. This increase was due mainly to a 7.6% increase in average GWh consumption per customer and to a 1.7% increase in the number of customers. Gross Margin increased 91.6% to Ps. 830.6 million in the first nine months of 2007, compared to Ps. 433.5 million in the same period of 2006. This increase is also largely due to the application of the increase in our distribution margin (VAD) from February 1, 2007, the recording of the retroactive portion of this increase and the increase in volume of energy sold, as described above. Excluding the unbilled amount of retroactive portion of the VAD increase, our gross margin would have been Ps. 645.5 million in the nine-month period ended September 30, 2007, representing a 48.9% increase when compared with the same period of 2006. Net Operating Income increased significantly to Ps. 350.8 million for the nine months ended September 30, 2007, compared to Ps. 30.4 million in the same period of 2006. This increase is also largely due to the application of the increase in our distribution margin (VAD) from February 1, 2007, the recording of the retroactive portion of this increase and the increase in volume of energy sold, as described above. Excluding the unbilled amount of retroactive portion of the VAD increase, net operating income for the first nine months of 2007 would have amounted to Ps. 165.7 million. Net Income reached Ps. 69.9 million in the first nine months of 2007, compared to Ps. 260.0 million in the same period of 2006. In the nine-month period ended September 30, 2007, net income was positively affected by the application of the VAD increase, the increase in volume of energy sold and the recording of the retroactive portion of the VAD increase, which were partially offset by the net exchange losses (Ps. 32.1 million) related to our financial debt (which is denominated in US dollars), the adjustment to present value of our financial debt (Ps.46.3 million), the adjustment to present value of the retroactive portion of the VAD increase and certain trade receivables (Ps.32.4 million), and the recording of a tax charge (Ps. 106.8 million) generated by the reversal of the deferred tax asset related to the tax loss carryforward due to a significant increase in our taxable income, which was partially offset by the tax deduction of ENRE penalties in 2007 fiscal year. In the same period of 2006, net income was positively affected by the gain resulting from our debt restructuring, including the adjustment to present value of the restructured debt (Ps. 254.7 million) and the recognition of the partial reversal of the valuation allowance of our net deferred tax assets (Ps. 72.3 million). FINANCIAL HIGHLIGHTS Nine months period ended Nine Nine September months months 30 * period period (excluding the ended ended % Change unbilled % Change September September vs. retroactive vs. 30 * 30 * 2006 VAD adjustment) 2006 2007 2006 2007 Net Sales 1,503.2 (1) 1022.9 47.0% 1318.1 28.9% Electric power purchases (672.6) (589.4) 14.1% (672.6) 14.1% Gross margin 830.6 (1) 433.5 91.6% 645.5 48.9% Net Operating Income (loss) 350.8 (1) 30.4 1,053.9% 165.7 445.1% * In millions of Argentine Pesos (1) As of September 30, 2007, energy sales include the retroactive portion of the VAD increase, which amounts to Ps. 218.6 million and is being invoiced in 55 consecutive monthly installments, starting in February 2007. Of this amount, Ps. 33.5 million were invoiced as of September 30, 2007. About Edenor Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) is the largest electricity distribution company in Argentina in terms of number of customers and electricity sold (both in GWh and Pesos). Through a concession, Edenor distributes electricity exclusively to the northwestern zone of the greater Buenos Aires metropolitan area and the northern part of the city of Buenos Aires, which has a population of approximately 7 million people and an area of 4,637 sq. km. In 2006, Edenor sold 16,632 GWh of energy and purchased 18,700 GWh of energy, with net sales of approximately Ps. 1.4 billion and net income of Ps. 293.1 million. This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, Company performance and financial results. The words "anticipates," "believes," "estimates," "expects," "plans" and similar expressions, as they relate to the Company, are intended to identify forward- looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties, including those identified in the documents filed by the Company with the U.S. Securities and Exchange Commission. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. A LONGER VERSION OF THIS PRESS RELEASE WITH FINANCIAL STATEMENTS AND DETAILED INFORMATION WILL BE FILED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION, AND CAN BE FOUND AT WWW.EDENOR.COM IN THE INVESTOR RELATIONS/FINANCIAL REPORTS SECTION. Conference Call Information There will be a conference call to discuss the Edenor's quarterly results on Friday, November 9, 2007, at 11:00 a.m. Buenos Aires time / 9:00 a.m. EST. For those interested in participating, please dial (888) 802-8577 in the United States or, if outside the United States, (973) 935-8754. Participants should use conference ID# 9373363, and dial in five minutes before the call is set to begin. There will also be a live audio webcast of the conference at http://www.edenor.com/ in the Investor Relations section. The conference call will become available for review on Conference Replay one hour after its conclusion, and will remain available through November 16, 2007. Please dial (877) 519-4471 or (973) 341-3080, and follow the instructions. The Conference ID# for the replay is 9373363. For more information, please access http://www.edenor.com/ Investor Relations Contacts: In Buenos Aires Ivana Del Rossi Investor Relations Officer Tel: 5411.4346.5127 Veronica Gysin Investor Relations Tel: 5411.4346.5231 Edenor S.A. 1025 Azopardo Street, 16th Floor (C1107ADQ) Buenos Aires, Argentina Fax: 5411.4346.5358 Email: http://www.edenor.com.ar/ In New York Melanie Carpenter/Maria Barona i-advize Corporate Communications, Inc. 82 Wall Street, Suite 805 New York, NY 10005 Tel: 212.406.3690 Fax: 212.509.7711 Email: DATASOURCE: Edenor CONTACT: Ivana Del Rossi, Investor Relations Officer, +011-5411-4346- 5127, or Veronica Gysin, Investor Relations, +011-5411-4346-5231, both of Edenor, ; or Melanie Carpenter or Maria Barona, i-advize Corporate Communications, +1-212-406-3690, fax, +1-212-509-7711, , for Edenor Web site: http://www.edenor.com.ar/

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EDN Elkedra