Enel Unveils 2021 Targets, Raises 2019-2020 Ebitda Targets
20 Noviembre 2018 - 1:49AM
Noticias Dow Jones
By Pietro Lombardi
Enel SpA (ENEL.MI) raised its 2019 and 2020 targets for ordinary
earnings before interest, taxes, depreciation and amortization and
presented its 2021 targets ahead of its capital-markets day
Tuesday.
The Rome-based energy company expects a net ordinary income of
about 5.6 billion euros ($6.4 billion) in 2021, up from an
estimated EUR4.1 billion this year.
It also expects ordinary Ebitda to grow to roughly EUR19.4
billion in 2021 compared with the about EUR16.2 billion it expects
for 2018.
The company raised its Ebitda target for the next two years and
now expects a 2019 ordinary Ebitda of EUR17.4 billion, which should
grow to EUR18.5 billion the following year. This compares with the
EUR17.2 billion and EUR18.2 billion it set in its 2018 - 2020
plan.
Earlier this month, Enel reported a 15% increase in net profit
in the first nine months of the year but said that its net
financial debt for the year should stand at between EUR41 billion
and EUR42 billion, which is EUR1 billion to EUR2 billion higher
than the target it set in its 2018-20 strategic plan.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 20, 2018 02:34 ET (07:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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