Enel 2020 Ebitda, Revenue Falls
05 February 2021 - 04:57AM
Dow Jones News
By Olivia Bugault
Enel SpA said Thursday that earnings before interest, taxes,
depreciation, and amortization and revenue fell in 2020, citing
preliminary results.
The Rome-based energy company said revenue for the year fell 19%
to 65 billion euros ($78.20 billion). The decline is partly due to
"lower revenues in End-user markets, caused by lower sales of gas
and electricity in Spain and Italy, mostly due to the effects of
the COVID-19 outbreak," as well as lower revenues at its
infrastructure and networks division, it said.
Earnings before interest, tax, depreciation and amortization
fell 5.1% on year to EUR16.8 billion. Ordinary Ebitda, which is
adjusted for one-offs including acquisitions or disposals, came in
at EUR17.9 billion, in line with the company's expectations and
2019's figure, it said.
Enel reported net debt of EUR45.4 billion at year-end, compared
with EUR45.2 billion the previous year and above the company's
expectations, it said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
February 04, 2021 12:42 ET (17:42 GMT)
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