Enel, 2022 EBITDA exceeds guidance. Debt decreases in the 4th quarter

Enel 2022 EBITDA exceeds guidance Debt decreases in the 4th

(Tiper Stock Exchange) – Is in the closed the 2022 with revenues equal to 140.5 billion euros, an increase of 63.9% compared to 2021. The change is mainly attributable, in a context of rising average prices, to the greater volumes of energy produced and traded, to the greater quantities sold (especially in Italy and Spain), tariff adjustments in Brazil, higher electricity distributed in Latin America, as well as the positive effect of exchange rates.

L’Ordinary EBITDA it amounts to 19.7 billion euros, an increase of 0.5 billion euros compared to 2021 and higher than the group guidance communicated to the financial markets of 19-19.6 billion euros.

L’Net financial debt at the end of 2022 it amounted to 60.1 billion euro, an increase of 16.2% compared to the end of 2021 due to the requirement generated by investments in the period, the payment of dividends, the acquisition of ERG Hydro and the negative effect of exchange rates associated with the conversion of debt into foreign currency. Net financial debt recorded a reduction compared to 69.73 billion euros as at 30 September 2022.

“Preliminary results for 2022 demonstrate the group resilience Enel, which, thanks to the robustness of its integrated business model, achieved an ordinary EBITDA of 19.7 billion euros, exceeding the guidance communicated to the financial markets, despite the adverse geopolitical, energy and economic context and at the same time protecting , our end customers from the energy price shock resulting from the gas crisis”, commented the CEO Francesco Starace.

“Furthermore, thanks to Eefficient financial management and atexecution of the strategic plan presented to the markets, the group’s net financial debt decreased significantly in the last quarter of the year and will continue to decrease substantially also during 2023, further strengthening our financial solidity – he added – This will allow us to continue to implement our investments in renewable generation and networks to support the transition to increasingly sustainable energy sources and foster energy independence in the countries where we operate”.

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