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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Enel Spa | BIT:ENEL | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.046 | 0.66% | 7.033 | 7.014 | 7.05 | 7.063 | 6.955 | 6.959 | 23,555,841 | 02:01:32 |
From Jan 2023 to Jan 2025
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)
Copyright (c) 2023 Dow Jones & Company, Inc.
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