(Finance) – “Despite the increase in interest rates, Enel’s cost of debt will show stability over the course of the planthanks to the managerial actions and the continuous optimizations implemented in recent years”. Albert DePaoliChief Financial Officer of Is in thepresenting the 2023-2025 Strategic Plan to the financial community.
The CFO explained that the net debt will decrease by 9 billion euros from 2022 (58-62 billion euros) to 2023 (51-52 billion euros), while the Net Debt/EBITDA ratio it will decrease in 2023 and then remain stable in the following years. “The cost of debt will be 3.4%-3.5% over the plan period,” she stressed.
Other elements that will improve Enel’s profile, De Paoli said, will always be “major centralized funding and the fact that nearly 85% of the gross debt was transferred to euroswith local currency debt declining.”