Enel: internet revenue rises, falling in revenues and debt | EUROtoday

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Enel archives 2024 with the unusual Ebitda at 22,801 million euros, rising 3.8% on 2023 and with the unusual internet consequence at 7,135 million in progress of 9.6%. Flexion revenues of 17.4% to 78.947 million euros. Net debt drops to 55,767 million (-7.3%). The dividend is the same as 0.47 euros up 9% in comparison with that of 2023. The group publicizes it after the approval of the accounts by the Board of Directors explaining that they’re “solid results thanks to the positive evolution of the integrated business in Spain and Americas.

The energy group explains that the positive variation of the Ordinary ABITDA “is attributable to the constructive contribution of built-in enterprise, with development in Spain, the United States and Latin America which has greater than compensated the slight flexion in Italy attributable to the lower of margins within the last markets and within the thermoelectric technology regardless of the better hydraulicity recorded within the train. The contribution of the administration of distribution networks, because of the better quantity of investments, can be constructive ».

The revenues are flexed for “minor volumes of thermoelectric energy produced and the decrease in the quantities of electricity and gases sold in the final markets, in a decreasing price regime” along with the variations of perimeter within the two intervals in contrast with the sale of the actions in Romania within the second half of 2023 and in Peru within the first semester 2024. renewables and in distribution networks »because of the rise in investments in regulated enterprise.

Objectives achieved

Enel stresses that each one the strategic goals deliberate for 2024 “and that the Net Financial EBIT/EBITDA DEBITDA RATES OF INDEMPLOYEE is approximately 2,4x and the FFO (Funds from Operations Report) on net financial debt stands at 25%”. The thermoelectric and buying and selling technology sector noticed a discount in revenues of -39.6% to 24,276 million euros and that of the ultimate markets of 19.7% to 41,861 million for minor portions of electrical energy and gases bought whereas the efficiency of Enel Green Power at 12,217 (+5.1%) and Enel Grids at 23,236 million (+14.7%).

Investments

Investments quantity to 10,821 million euros in 2024, (-14.9%) targeted in Enel Grids (54% of the full) and in Enel Green Power (29% of the full). The discount in comparison with 2023 “is mainly attributable to a better focus of investments, in line with the priorities of the group’s strategy, and the substantial completion of activities in battery -powered energy accumulation systems in Italy and the construction of wind and photovoltaic plants in Latin and North America America. At the same time, there are more investments in distribution activities aimed at improving the reliability and quality of the service “.