After a complicated first quarter which was hurt by FX, Enel posted a slump in EBITDA (-4.9%) as one-offs and FX continued to offset additional renewables capacities and the great recovery in Italy and LatAm. On the positive side, capex remained in an upward trend, even if it mechanically weighed on net indebtedness. This did not prevent the group from confirming its FY21 guidance. Positive view confirmed.
30 Jul 2021
H1 21: limits FX damage to back FY21 guidance
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H1 21: limits FX damage to back FY21 guidance
Enel (ENEL:BIT), 0 | Enel SpA (ENEL:MIL), 0
- Published:
30 Jul 2021 -
Author:
Nicolas Bouthors -
Pages:
3
After a complicated first quarter which was hurt by FX, Enel posted a slump in EBITDA (-4.9%) as one-offs and FX continued to offset additional renewables capacities and the great recovery in Italy and LatAm. On the positive side, capex remained in an upward trend, even if it mechanically weighed on net indebtedness. This did not prevent the group from confirming its FY21 guidance. Positive view confirmed.