Enel Nine-Month Profit Fell on Challenging Iberian Conditions
09 Novembro 2017 - 6:32AM
Dow Jones News
By Marc Navarro Gonzalez and Marc Bisbal Arias
Enel SpA (ENEL.MI) said Thursday that its nine-month net profit
fell 5% year-on-year after droughts weakened energy production in
the Iberian peninsula.
Net profit in the nine-month period ending Sept. 30 was 2.62
billion euros ($3.04 billion) compared with EUR2.76 billion in the
year-earlier period. Total revenue was up 5.3% at EUR54.19 billion,
while earnings before interest, taxes, depreciation, and
amortization fell to EUR11.45 billion from EUR12.01 billion.
The Italian producer and distributor of electricity and gas said
earnings decreased largely due to continuing challenges of
conditions in the Iberian peninsula, which offset the strong
performance in its home market.
Rome-based Enel confirmed its targets for 2017.
"In view of the results posted in the first nine months of the
year and forecast developments in the last quarter, we can confirm
our performance and financial targets for 2017," Chief Executive
Francesco Starace said.
Enel will pay an interim dividend for 2017 of EUR0.105 per share
in January 2018, up 17% on the interim dividend paid a year
earlier, it said. The company added that it foresees an overall
dividend for 2017 of EUR0.23 per share.
Write to Marc Navarro at marc.navarrogonzalez@dowjones.com and
Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
November 09, 2017 03:17 ET (08:17 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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