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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  ENDESA    ELE   ES0130670112

ENDESA

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ENDESA : Enel trims guidance on currency effects as first half beats expectations

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07/29/2020 | 12:36pm EDT
FILE PHOTO: A logo of Italian multinational energy company Enel is seen in Milan

Europe's biggest utility Enel trimmed its guidance for the year on Wednesday citing currency effects, after posting a slight increase in earnings in the first half to beat expectations.

In a statement the Italian power group said ordinary core income in the period rose 0.4% to 8.794 billion euros (7.97 billion pounds), boosted by its green energy and trading businesses.

Enel, which controls Spanish utility Endesa and has extensive business interests in Latin America, said it did not expect Latin America currencies to recover by year end.

It said it now expected full-year core earnings to be around 18 billion euros from previous guidance of around 18.6 billion euros.

Ordinary net profit for the year will be 5.0-5.2 billion euros compared with earlier guidance of around 5.4 billion euros.

Enel said that despite the very challenging environment related to the COVID-19 health emergency, it had stepped up moves to decarbonise its business.

Total coal capacity had fallen to below 10 gigawatts for the first time ever during the first half while 800 megawatts of new green capacity had been added, it said.

In the first six months Enel invested 4.1 billion euros, more than 80% of which was in green energy and networks.

According to its last business plan in November, the company will spend 28.7 billion euros to 2022, mostly on grids and clean energy.

(Reporting by Stephen Jewkes; editing by James Mackenzie, Kirsten Donovan)

Stocks mentioned in the article
ChangeLast1st jan.
ENDESA -1.33% 23.71 End-of-day quote.-0.34%
ENEL S.P.A. -0.10% 7.724 Delayed Quote.9.30%
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Financials
Sales 2020 20 410 M 24 110 M 24 110 M
Net income 2020 1 749 M 2 066 M 2 066 M
Net Debt 2020 7 172 M 8 472 M 8 472 M
P/E ratio 2020 14,3x
Yield 2020 6,72%
Capitalization 25 103 M 29 736 M 29 654 M
EV / Sales 2020 1,58x
EV / Sales 2021 1,66x
Nbr of Employees 9 924
Free-Float 29,9%
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ENDESA Technical Analysis Chart | ELE | ES0130670112 | MarketScreener
Technical analysis trends ENDESA
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 24,87 €
Last Close Price 23,71 €
Spread / Highest target 17,5%
Spread / Average Target 4,89%
Spread / Lowest Target -15,6%
EPS Revisions
Managers
NameTitle
José Damián Bogas Gálvez Chief Executive Officer & Executive Director
Juan Sánchez-Calero Guilarte Chairman
Luca Passa General Manager-Administration, Finance & Control
Manuel Fernando Marín Guzmán GM-Information & Communications Technology
Miquel Roca I. Junyent Lead Independent External Director
Sector and Competitors
1st jan.Capitalization (M$)
ENDESA-0.34%29 736
NEXTERA ENERGY16.79%138 477
ENEL S.P.A.9.30%93 078
IBERDROLA18.19%80 199
DOMINION ENERGY, INC.-3.85%66 830
DUKE ENERGY CORPORATION-7.67%61 882