Enel posted adjusted net income of 2.11 billion euros in the first half of 2022, according to a quarterly balance sheet released on Thursday (28). The result represents a decrease of 8.3% compared to the same period last year.
Meanwhile, revenue rose to €67.26 billion from €36.29 billion previously, thanks to higher energy prices and volumes sold, the company said.
Capital expenditure rose 22% to 5.89 billion euros, as investment was mainly in capacity expansion in renewable energy and networks, the company said.
The Rome, Italy-based energy company said adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) saw a small decline to 8.3 billion euros, compared to 8.44 billion euros. in the same period last year.
This was partly due to droughts that reduced hydropower generation, Enel said.
Based on the results, Enel said it still expects to meet the full-year targets set earlier, including adjusted Ebitda of 19 billion to 19.6 billion euros and adjusted net income of 5.6 billion to 5.8 billion euros. . The goals are in line with the company’s broader strategic plan for the period between 2022 and 2024, he said.
*With information from Dow Jones Newswires
Source: CNN Brasil
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