Enel increases investments by20.4 in the first nine months of 2021 to accelerate growth, time- end targets verified

Enel increases investments by20.4 in the first nine months of 2021 to accelerate growth, time- end targets verified
. Earnings at million euros ( (1) million euros in the first nine months of 2020,17.1)
-the positive change is attributable to advanced earnings from all business lines and, in particular, from Thermal Generation and Trading, Enel Green Power and End- Stoner Requests, due to advanced volumes of energy vended, from Structure and Networks, due to advanced volumes of energy transported, as well as from Enel X. These goods further than neutralize the negative exchange rate impact in Latin America
· Ordinary EBITDA at million euros ( million euros in the first nine months of 2020,-3.9)

  • the drop is due tonon-recurring particulars reserved in the first nine months of 2020, similar as the change in the energy reduction benefit in Spain, substantially in Structure and Networks and in Thermal Generation and Trading, as well as the compensation associated with the judgments of ARERAn.50/2018 andn.461/2020 in Italy. In addition, the first nine months of the time were affected by the adverse exchange rate effect in Latin America and several headwinds associated with business dynamics. These impacts were only incompletely neutralize by operating growth in the period, driven by investment in Enel Green Power and bettered periphery in End- Stoner Requests and in Enel X, as well as by the recognition of the remuneration related to the CO2 emigration rights assigned for free in Spain in Thermal Generation and Trading
    . · EBITDA at million euros ( million euros in the first nine months of 2020,-11.2)
    · EBIT at million euros ( million euros in the first nine months of 2020,-10.3)
    -the change substantially reflects the performance of operations, incompletely neutralize by lower deprecation, amortization and impairment recorded in the first nine months of 2021, both on shops and on receivables
    .· Group net ordinary income at million euros ( million euros in the first nine months of 2020,-8.5)
    -the drop is due to the particulars reflected under ordinary EBITDA as well as the goods performing from the duty reforms in Argentina and Colombia, only incompletely neutralize by the results of companies reckoned for using the equity system and by a reduction innon-controlling interests
    . · Group net income at million euros ( million euros in the first nine months of 2020,-14.2)
    · Net fiscal debt at54, million euros ( million euros at time- end 2020,19.8)
  • an increase in the first nine months of 2021, substantially due to investments for the period, the accession of an fresh stake in Enel Américas and the adverse exchange rate effect, incompletely neutralize by the positive cash overflows generated by operating conditioning
    . · Capital expenditure at million euros ( million euros in the first nine months of 2020,20.4)
    -the increase is substantially attributable to growth in capital expenditure in Structure and Networks, in Enel Green Power, in End- Stoner Requests and in Enel X
    . · Blessing of interim tip for 2021 of0.19 euros per share, in payment from January 26th, 2022, an increase of8.6 compared with the interim tip distributed in January this time
  • the Enel Board of Directors confirms the interim tip policy for 2021, as handed for in the 2021-2023 Strategic Plan
    . – imaged a total tip of0.38 euros per share on 2021 results

Francesco Starace, Enel Group CEO, stated “ In the first nine months of 2021, we continued our artificial growth path, recording an advanced operating performance across all our business lines. We increased investments by further than 20 compared to the same period last time, investments that will allow us to support growth and seize openings in the current recovery. On this base, for 2021 we’re attesting the fiscal targets for ordinary EBITDA and net ordinary income presented to the requests in the last Strategic Plan. We also confirm our tip policy, which sees an increase of around 9 in the interim tip to be distributed in January 2022.”