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The amount of the coupon, which will be detached on January 21, 2019, has been set at € 0.14.
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Enel announced the results of the first nine months of 2018, closed the incomes, profitability and growing indebtedness.
Management has deliberated distribution of an advance on the 2019 dividend (for the year 2018).
2018 ENEL MONEY ACCOUNTS – REVENUE AND INCREASE IN INCOME
In detail, the electric colossus closed the period January-September with turnover of 55.25 billion euros, up 2% from 54.19 billion euros in the same months last year. Management stated that the increase was mainly due to changes in the scope of consolidation resulting from the acquisition of Eletropaulo in June 2018 and EnerNOC, which became Enel X North America in August 2017, and higher distribution revenues in Italy and Spain, which more than offset lower commodity trading volumes and the negative currency effect, particularly in South America.
Enel's gross operating margin also improved (+ 6%), which rose from 11.45 to 12.13 billion euros, due to the growth of renewable energies, the proceeds from the sale of 80% of the capital of eight business projects in Mexico, the increase in realized Brazil margins after the acquisition of Eletropaulo and the United States after the acquisition of EnerNOC.
L & # 39;net profit fell from 2.62 billion to 3.02 billion euros (+ 15.1%).
ENEL PENSIONS NINE MONTHS 2018 – INCREASED DEBT
Enel's net debt sharply increaseswhich reached 43.12 billion euros at the end of September, compared to 37.41 billion euros at the beginning of the year. The difference between the two values is due to the acquisitions made during the period, in particular of the Brazilian company Eletropaulo, to the public offer on all the shares of the subsidiary Enel Generación Chile, realized as part of the process of reorganization of the participations. of the group. in Chile, the payment of dividends for the 2017 fiscal year, the period investments and the negative exchange rate effect.
At the same date, the impact of net financial debt on total equity, referred to as the financial debt ratio, was 0.90 (0.72 as at December 31, 2017).
In the first nine months of 2018, the electricity giant's investments amounted to 5.16 billion euros, compared to 5.52 billion euros for the same period last year, due to the drop in investments in wind and solar power plants in Brazil and Peru. and North America after the completion of factories already under construction in 2017.
ENEL PENSIONS NINE MONTHS 2018 – DIVIDEND ACCOUNT 2019
The management of Enel has resolved the distribution of an advance on the 2019 dividend (for the year 2018). The amount of the coupon, which will be detached on January 21, 2019, it was set at € 0.14.
In addition, the management of Enel recalled that, for the 2018 financial year, a total dividend equal to the highest amount, between € 0.28 per share and 70% of the ordinary net income of the group, is envisaged.
READ ALSO: Dividends at the end of 2018 and beginning of 2019
ENE MONITORING NINE MONTHS 2018 – 2018 ESTIMATES
The management of Enel has specified that the EBITDA targets and the net result for 2018 are confirmed, despite a negative impact mainly due to changes in exchange rates.
The net financial debt at the end of the year is estimated at between 41 and 42 billion euros.EUR 1 billion to EUR 2 billion higher than the target of the 2018-2020 Strategic Plan.
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