Enel 2017 Revenue Rises, Helped by Geographical Diversification
14 Fevereiro 2018 - 12:22PM
Dow Jones News
By Marc Bisbal Arias
Enel SpA (ENEL.MI) said Wednesday that its 2017 revenues rose on
year, and attributed it to the company's geographical
diversification and long-term strategy.
Revenue was 74.7 billion euros ($91.9 billion) compared with
EUR70.6 billion in the year-earlier period. Earnings before
interest, taxes, depreciation and amortization rose slightly to
EUR15.7 billion. This compares with EUR15.3 billion in 2016.
Chief Executive Francesco Starace said the implementation of a
sustainable long-term strategy, paired with geographical
diversification, have helped Enel be more resilient in a
challenging environment.
"The growth in renewables, efficient cost management and the
positive performance of retail business in Italy and distribution
in South America enabled us to counter this decrease in hydro and
wind resource availability in our major markets," Mr. Starace
said.
Net financial debt at the end of 2017 was slightly lower at
EUR37.4 billion, Enel said.
The Italian company backed its targets for 2018.
Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
February 14, 2018 09:07 ET (14:07 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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