(CercleFinance.com) – Enel gains more than 3% in Milan the day after the electrician published net profit, group share, up 87% to 1.93 billion euros for the first quarter of 2024, as well as an ordinary EBITDA increasing by almost 12% to 6.09 billion.
The Italian group explains that this increase is attributable, more precisely, to the positive results of integrated activities, thanks to the production of renewable energy, as well as to the optimization of supply costs which improved margins on sales.
At more than 19.4 billion euros, its turnover fell by 26.4%, with the gradual drop in prices, the reduction in the quantities of electricity sold on end markets, as well as that in production. from thermal sources.
‘We are confident in achieving all our objectives for 2024, including the reduction in net debt which has already fallen to 54 billion euros to date, also taking into account the disposals currently being finalized’, affirms its CFO Stefano De Angelis.
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