1. Enel has reported a 20% increase in ordinary adjusted net income for 2023, reaching €6.5bn.
2. The company’s revenues saw a decline of 32% in 2023 to €96bn, attributed to lower average sale prices in the energy sector.
3. Enel has proposed a total dividend of €0.43 per share, reflecting a 7.5% increase from the previous year.
Enel, an Italian utility giant, reported a 20% increase in its ordinary adjusted net income to €6.5bn for the full year 2023. Despite this positive growth, the company experienced a 32% decline in revenues to €96bn, attributed to lower average sale prices in the energy sector. Enel’s net debt figures aligned with projections at €60.2bn, and the company’s proposed dividend of €0.43 per share marked a 7.5% increase from the previous year.
Additionally, Enel’s ordinary earnings before interest, taxes, depreciation, and amortization rose to €22bn, and despite a decrease in investment spending, the company aims to focus on maximizing returns on investment capital while monitoring market opportunities. Enel generated 207.3TWh of electricity in 2023, with plans for growth in grids and generation segments for 2024. The company also aims for free cash flow neutrality in the upcoming year.
Enel Group CEO Flavio Cattaneo expressed satisfaction with the company’s performance, highlighting the achievement of targets set for 2023 and reaffirming commitment to ambitious goals outlined in the 2024-2026 Strategic Plan. Enel anticipates further growth in shareholder remuneration for 2024 as they continue to prioritize efficiency, sustainability, and strategic priorities.