Enel 2018 core earnings rise 3.8 per cent boosted by green margins

Enel, which controls Spanish utility Endesa, said its net debt at the end of the year was 41.1 billion euros, up 9.9 percent on the yearREUTERS  |  February 07, 2019, 11:03 IST
Enel 2018 core earnings rise 3.8 per cent boosted by green margins MILAN: Enel said on Wednesday its core earnings last year rose 3.8 per cent, boosted by stronger margins in its renewable businesses in Italy, Spain and South America.

In preliminary results, Italy's biggest utility said its ordinary earnings before interests, tax, depreciation and amortisation (EBITDA) were 16.2 billion euros ($18 billion), in line with its own targets.

Enel, which controls Spanish utility Endesa, said its net debt at the end of the year was 41.1 billion euros, up 9.9 per cent on the year.