Enel released globally sound FY20 figures, driven by net income and dividend that both beat estimates. The FY21 outlook is confirmed, while mid-term targets for net income and dividend were slightly improved. The group continues offering good visibility on its activity and is massively investing (€10.2bn capex), especially to reinforce its European leading position in renewables. Positive view confirmed.
19 Mar 2021
Good surprise on net income and dividend
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Good surprise on net income and dividend
Enel (ENEL:BIT), 0 | Enel SpA (ENEL:MIL), 0
- Published:
19 Mar 2021 -
Author:
Nicolas Bouthors -
Pages:
3
Enel released globally sound FY20 figures, driven by net income and dividend that both beat estimates. The FY21 outlook is confirmed, while mid-term targets for net income and dividend were slightly improved. The group continues offering good visibility on its activity and is massively investing (€10.2bn capex), especially to reinforce its European leading position in renewables. Positive view confirmed.