Enel Group net income 2,196 million euros in 2015

Марта 24, 2016

Revenues 75,658 million euros (75,791 million euros in 2014, -0.2%). Slight reduction due to a decline in electricity sales, partly offset by higher revenues from gas and fuel sales. EBITDA 15,297 million euros (15,757 million euros in 2014, -2.9%).

Driven by overall negative trend of exchange rates variations, early retirement agreements in Italy and Spain, lower generation margin from conventional sources

These factors were partially offset by the effects of the efficiency plan, regulatory changes and the new Slovak legislation on disposal of nuclear fuel.

Ordinary EBITDA 15,040 million euros (15,502 million euros in 2014, -3.0%).

EBIT 7,685 million euros (3,087 million euros in 2014, +148.9%).

Significant increase driven by lower depreciation, amortisation and impairment losses.

Group net income 2,196 million euros (517 million euros in 2014, +324.8%). Due to significant EBIT improvement and lower net financial charges, which were partially offset by higher income taxes.

Group net ordinary income 2,887 million euros (2,994 million euros in 2014, -3.6%), notwithstanding the negative effect of the Italian fiscal reform on deferred taxes (182 million euros).

Net financial debt 37,545 million euros (37,383 million euros in 2014, +0.4%) in line with 2014.

Proposed 2015 dividend at 0.16 euro/share.

Francesco Starace, Enel CEO and General Manager, remarked: “I am pleased to confirm that in 2015 we achieved financial results in line with guidance. These results show the significant progress made against each of the five key pillars of our strategic plan despite the challenging macroeconomic environment, underscoring the resilience of Enel’s business model. The flexibility embedded in our plan enables us to respond quickly to challenges and opportunities, allowing us to achieve our strategic objectives. The progress made in operating efficiency, simplifying the Group structure and actively managing our asset portfolio have already delivered significant results in terms of industrial growth and in delivering an appropriate return on investment for shareholders. Our 2015 results provide us with a solid foundation for further progress in the years to come. We are therefore able to confirm our financial targets for 2016.”