Enel Beat 2021 Profit Views
18 March 2022 - 4:32AM
Dow Jones News
By Ed Frankl
Enel SpA said Thursday that 2021 profit and revenue rose as its
operating performance returned to pre-pandemic levels on the back
of growing electricity capacity and its sustainable-energy
subsidiary Enel X.
The Rome-based energy company said net income for 2021 was 3.19
billion euros ($3.52 billion), up from EUR2.61 billion the previous
year.
On an adjusted basis, net profit--or net ordinary income--came
in at EUR5.59 billion.
The adjusted figure beat expectations of EUR5.49 billion,
according to consensus estimates provided by the company.
Enel confirmed other preliminary results posted in February of
earnings before interest, taxes, depreciation and amortization of
EUR17.57 billion and ordinary Ebitda of EUR19.21 billion, near the
top of its guidance of EUR18.7 billion-EUR19.3 billion.
Revenue jumped 33% to EUR88.01 billion
The ordinary Ebitda figure grew due to the influence of new
renewable capacity, including commissioning around 5.1 gigawatts of
new renewable energy to reach 90.7GW in total installed capacity,
Enel said.
Its sustainable-transition arm Enel X also performed well,
including adding 130,000 new charging points to reach 319,000,
while its electric-bus fleet tripled to 3,000 units.
Enel proposed a dividend of 38 European cents, up from 35.8
cents last year.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
March 17, 2022 13:17 ET (17:17 GMT)
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