Enel SpA Unsponsored ADR ( (ENLAY) ) has released its Q3 earnings. Here is a breakdown of the information Enel SpA Unsponsored ADR presented to its investors.
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Enel SpA, an Italian multinational energy company, operates in the electricity and gas sectors with a focus on renewable energy and grids. In the first nine months of 2024, Enel reported a robust financial performance, with a notable increase in ordinary EBITDA and net ordinary income. The company’s ordinary EBITDA rose to 17.4 billion euros, marking a 6.5% increase from the previous year, driven by strong contributions from integrated businesses and renewable energy segments. Net ordinary income also saw a significant rise of 16.2%, reaching 5.8 billion euros. Despite a decline in overall revenues, attributed to reduced thermal generation and electricity sales, Enel’s investments in grids increased by 11.7%, emphasizing quality and resilience. Looking forward, Enel maintains its financial guidance for 2024, projecting ordinary EBITDA between 22.1 and 22.8 billion euros and net ordinary income between 6.6 and 6.8 billion euros, highlighting the company’s strategic focus on sustainable growth and financial stability.
