Enel reported, last Thursday night (3), that it increased revenue and profit last year, but also recorded an increase in debts.
According to preliminary results, the company had earnings before interest, taxes, depreciation and amortization (EBITDA) of 17.6 billion euros ($20.1 billion) in 2021, an increase of 4.1% compared to 2020.
Adjusted for one-off factors such as corporate reorganization and costs related to the pandemic, average Ebitda stood at 19.2 billion euros, including a gain from the sale of a stake in Open Fiber, Enel said.
The company’s revenue totaled €88.3 billion for the year – a jump of 34% – thanks to higher revenue in divisions such as infrastructure and networks, green energy, thermal generation and trading and solutions provider Enel X.
Enel reported net debt of €52 billion at year-end, up from €45.4 billion a year earlier, as a result of investments, dividend payments and acquisition of other stakes in subsidiary Enel Americas, the company said.
As a result, at 7:42 am (Brasilia time), Enel’s share fell 1.67% on the Milan Stock Exchange, after the figures were released.
Source: CNN Brasil
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