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    ENEL   IT0003128367

ENEL S.P.A.

(ENEL)
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Enel 1st Half Net Profit, Revenue Fell; Confirms 2021 Targets

07/29/2021 | 12:40pm EDT

By Mauro Orru

Enel SpA said Thursday that net profit and revenue fell in first half, mostly due to thermal generation and trading activities amid lower trading in Italy and negative exchange rate effects in Latin America.

The Rome-based energy company said first-half net profit slipped to 1.78 billion euros ($2.11 billion) from EUR1.95 billion in the first half of 2020.

On an adjusted basis, the company's net profit--or net ordinary income--fell to EUR2.30 billion from EUR2.41 billion.

Earnings before interest, tax, depreciation and amortization declined to EUR7.72 billion from EUR8.65 billion. Adjusted for one-offs including acquisitions or disposals, Enel's Ebitda--or ordinary Ebitda--fell to EUR8.36 billion from EUR8.79 billion.

The company attributed the decline in ordinary Ebitda to positive non-recurring items recorded in the first half of last year, such as a non-cash provision reversal in Spain.

Revenue slipped to EUR29.85 billion from EUR33.38 billion.

Enel backed its financial targets for 2021, and the company continues to expect ordinary Ebitda between EUR18.7 billion and EUR19.3 billion, and net ordinary income between EUR5.4 billion and EUR5.6 billion.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

07-29-21 1239ET

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Analyst Recommendations on ENEL S.P.A.
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Financials
Sales 2021 73 929 M 86 720 M 86 720 M
Net income 2021 5 498 M 6 449 M 6 449 M
Net Debt 2021 50 065 M 58 728 M 58 728 M
P/E ratio 2021 12,8x
Yield 2021 5,51%
Capitalization 70 106 M 82 149 M 82 237 M
EV / Sales 2021 1,63x
EV / Sales 2022 1,63x
Nbr of Employees 65 923
Free-Float 76,4%
Chart ENEL S.P.A.
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Enel S.p.A. Technical Analysis Chart | ENEL | IT0003128367 | MarketScreener
Technical analysis trends ENEL S.P.A.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 6,90 €
Average target price 9,09 €
Spread / Average Target 31,8%
EPS Revisions
Managers and Directors
Francesco Starace Chief Executive Officer, Director & GM
Alberto de Paoli Chief Financial Officer & Head-Administration
Michele Alberto Fabiano Crisostomo Chairman
Anna Chiara Svelto Independent Director
Cesare Calari Independent Director
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