Revenues remained relatively flat (-0.2% yoy), reaching €75.65bn, but still 3% above expectations, with EBITDA falling 3% yoy to €15.3bn, beating forecasts by 1.5%. Operating profit improved by 150%, but fell short of expectations by 14% mainly due to €909m of impairment charges (€295m linked to Slovakian assets, €408m to Russia, €91m on Romanian renewable assets and €115m on upstream gas). Net income improved by 325% yoy to €2.2bn while on an adjusted
23 Mar 2016
Reassuring LatAm outperforms despite FX, restructuring gains momentum, entering the fibre business
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Reassuring LatAm outperforms despite FX, restructuring gains momentum, entering the fibre business
Enel SpA (ENEL:WBO) | 0 0 1.5% | Mkt Cap: 49,420m
- Published:
23 Mar 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Revenues remained relatively flat (-0.2% yoy), reaching €75.65bn, but still 3% above expectations, with EBITDA falling 3% yoy to €15.3bn, beating forecasts by 1.5%. Operating profit improved by 150%, but fell short of expectations by 14% mainly due to €909m of impairment charges (€295m linked to Slovakian assets, €408m to Russia, €91m on Romanian renewable assets and €115m on upstream gas). Net income improved by 325% yoy to €2.2bn while on an adjusted