Italian utility group Enel SpA (BIT:ENEL) on Thursday reported a web odd earnings of EUR 5.39 billion (USD 5.73bn) for 2022, down by 3.6% year-on-year, however simply above the higher vary of steering of EUR 5.3 billion.
The outcomes had been sufficient to name success and for Enel to suggest a dividend hike of 5.3% to EUR 0.40 per share.
Group web earnings dropped by 47.3% to EUR 1.68 billion. Different figures had been consistent with preliminary outcomes launched a couple of month in the past — odd EBITDA rose by 2.5% to EUR 19.7 billion, exceeding steering. Revenues jumped by 63.9% to EUR 140.5 billion, on account of larger energy manufacturing and gross sales quantity, larger vitality costs and beneficial alternate charges, the corporate stated.
Internet monetary debt elevated by 16.2% to EUR 60.1 billion.
As for the 2022 operational objectives of Enel’s renewables enterprise, the group highlighted the set up of over 5.2 GW of latest capability, together with 387 MW of batteries through the yr.
Enel CEO Francesco Starace stated the corporate would purpose to proceed rising in renewables and distribution grids digitalisation, two segments that may obtain essentially the most of group’s investments below the 2023-2025 strategic plan.
“We will focus investments mainly in Italy and in the other core countries, in order to accelerate the Group’s sustainable growth pathway, further reducing its risk profile,” Starace stated.
(EUR 1.0 = USD 1.062)
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