Enel Backs Guidance After Lower Costs Boost 1st Half Profit
27 7월 2023 - 1:53AM
Dow Jones News
By Adria Calatayud
Enel on Wednesday reported a rise in first-half net profit after
lower costs offset a revenue fall, and reiterated its targets for
the year.
The Rome-based energy company said net profit came in at 2.51
billion euros ($2.78 billion) from EUR1.69 billion in the same
period last year. On an adjusted basis, net profit--or net ordinary
income--rose to EUR3.28 billion from EUR2.16 billion.
Revenue fell 28% to EUR47.095 billion, Enel said.
Earnings before interest, taxes, depreciation and amortization
increased to EUR10.74 billion from EUR8.20 billion. Adjusted for
one-offs, ordinary Ebitda grew 29% on year to EUR10.74 billion.
Enel confirmed its guidance for 2023, with ordinary Ebitda
expected to be between EUR20.4 billion and EUR21.0 billion and net
ordinary income in a range of EUR6.1 billion to EUR6.3 billion.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
July 26, 2023 12:38 ET (16:38 GMT)
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