A good start of the year for the company, with revenues increasing +8.4% to €19.36bn. However, EBITDA decreased by 2.6% to €3.91bn due mainly to the margin decline in the Iberian region. Despite this, net income increased by +4.7% to €983m from lower financial expenses and minority interest. On an adjusted basis, EBITDA fell by 2.8% to €3.76bn and net income increased by +18.6%. All values are better than expected. Operating cash flows increased by +12%, which is a positiv
12 May 2017
Strong bottom-line performance despite the Iberian singularity
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Strong bottom-line performance despite the Iberian singularity
Enel SpA (ENEL:WBO) | 0 0 1.5% | Mkt Cap: 49,420m
- Published:
12 May 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
A good start of the year for the company, with revenues increasing +8.4% to €19.36bn. However, EBITDA decreased by 2.6% to €3.91bn due mainly to the margin decline in the Iberian region. Despite this, net income increased by +4.7% to €983m from lower financial expenses and minority interest. On an adjusted basis, EBITDA fell by 2.8% to €3.76bn and net income increased by +18.6%. All values are better than expected. Operating cash flows increased by +12%, which is a positiv