Enel SpA Unsponsored ADR ( (ENLAY) ) has released its Q4 earnings. Here is a breakdown of the information Enel SpA Unsponsored ADR presented to its investors.
Enel SpA, a leading multinational energy company, operates in the electricity and gas sectors, focusing on renewable energy and distribution grids across Europe, the Americas, and other regions.
Enel SpA reported solid financial results for 2024, driven by the positive evolution of its integrated business operations in Iberia and the Americas, despite a decrease in overall revenues compared to the previous year.
The company achieved a revenue of 78,947 million euros, marking a 17.4% decline from 2023, primarily due to lower thermal energy production and reduced electricity and gas sales. However, Enel’s ordinary EBITDA rose by 3.8% to 22,801 million euros, supported by growth in renewable energy and distribution grids. The Group’s net ordinary income increased by 9.6% to 7,135 million euros, attributed to improved ordinary operations and reduced financial expenses. Additionally, Enel successfully reduced its net financial debt by 7.3% to 55,767 million euros, enhancing financial flexibility through strategic asset disposals and cash generation.
Enel’s strategic focus on renewable energy and grid investments has yielded positive results, with Enel Green Power and Enel Grids showing significant EBITDA growth. The company also proposed a total dividend of 0.47 euros per share for 2024, reflecting a 9% increase from the previous year.
Looking ahead, Enel’s management remains optimistic, emphasizing continued investments in regulated assets and renewable energy to drive sustainable growth. The company aims to enhance financial and environmental sustainability, with strategic plans for 2025-2027 focusing on profitability, efficiency, and resilience in the face of evolving market conditions.