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Enel's Board of Directors approved the results of the last six months ended for the electricity group with results
renewable energies that continue to stimulate growth. In the first half of 2018, the net result of the group was confirmed
to 2.020 billion euros (+ 9.4% compared to 1.847 in the first half of 2017) and current net income increased by 4.6% to 1.892 billion.
EBITDA also rose (+ 2.3%) to 7.857 billion, explains the group in a note, thanks to the growth of renewable energies,
increase in distribution rates in Argentina and Spain and improvement of margins in end markets
Spain and Romania.
The turnover slightly decreased by 0.8% to 36.027 billion euros, mainly due to negative exchange rates, in
especially in South America, partially offset by higher revenues from renewables and distribution
in Brazil and Argentina and the new business line Enel X. Financial debt net sales to 41.594 billion (37.41
billion at the end of 2017, + 11.2%) due to the acquisitions of the period, in particular the Brazilian company Eletropaulo
and the OE on Enel Generacion Chile, in addition to the payment of the interim dividend and investments of the period.
Enel pushes on renewable energies and invests in digitization
EBIT for the first half of 2018 rose to 4.875 billion, an increase of 21 million (+ 0.4%) over the same period
The balance sheet, as indicated in the note, shows net capital invested as at June 30, inclusively
net badets and liabilities held for sale for 280 million, or 88.437 billion. As of June 30, the incidence of debt
net net position over total equity, debt-to-equity ratio of 0.89 (December 31,
2017); the percentage increase in the leverage effect attributable in particular to the reduction in consolidated shareholders' equity
of the Group due to the retrospective application, for an amount of 3,690 million euros, of the accounting principles
Ifrs as well as for the acquisitions of the period. Investments in the first half amounted to 3,114 billion euros
351 million compared to the value recorded during the same period of 2017 due to lower investments in wind and solar power plants
in Brazil, North America and North America after the completion of factories under construction in the first half of 2017.
Enel continues its positive trajectory – general manager Francesco Starace commented – achieving solid
financial results also in the first half of 2018, a period during which EBITDA further increased;
mainly due to the effect of renewable energy. Between June 2017 and June 2018, we put 3.4 GW of new renewable capacity network
around the world, setting a new capacity record installed in twelve months among all companies in the
sector. The good performance of the first semester allows us to confirm our objectives for the year 2018.
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