As expected by the market, Enel released a solid set of H1 figures. Adverse hydro conditions were partially offset by higher wind output and by higher achieved prices together with a Network increase thanks to efficiency gains and higher regulated revenues in LatAm. Despite this growth, the group was able to maintain its opex stable. We confirm our positive view on the stock.
02 Aug 2019
On track to reach targets
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Enel SpA (ENEL:WBO) | 0 0 1.5% | Mkt Cap: 49,420m
- Published:
02 Aug 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
As expected by the market, Enel released a solid set of H1 figures. Adverse hydro conditions were partially offset by higher wind output and by higher achieved prices together with a Network increase thanks to efficiency gains and higher regulated revenues in LatAm. Despite this growth, the group was able to maintain its opex stable. We confirm our positive view on the stock.