Enel Books Higher 2021 Earnings as Revenue Rises Sharply
February 04 2022 - 1:42AM
Dow Jones News
By Giulia Petroni and Joshua Kirby
Enel SpA said late Thursday that revenue increased in 2021
thanks to increases across business divisions, and that earnings
rose at a more modest rate.
According to preliminary results, the Rome-based energy company
made earnings before interest, taxes, depreciation and amortization
of 17.6 billion euros ($20.1 billion), an increase of 4.1% compared
with 2020. Adjusted for one-offs such as corporate reorganization
and pandemic-related costs, ordinary Ebitda came in at EUR19.2
billion, including a gain made from the sale of a stake in Open
Fiber SpA last year, Enel said.
Revenue for the year came in much higher at EUR88.3 billion,
rising 34% on year, thanks to higher revenue in divisions including
infrastructure & networks, green power, thermal generation
& trading, and solutions provider Enel X.
Enel reported net debt of EUR52 billion at year-end, climbing
from EUR45.4 billion the previous year as a result of investment,
dividend payments and the acquisition of further stakes in
subsidiary Enel Americas, the company said.
Write to Giulia Petroni at giulia.petroni@wsj.com and to Joshua
Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
February 04, 2022 01:27 ET (06:27 GMT)
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