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Starace presents the Strategic Plan 2018-2020

Having achieved the objectives of the 2017-2019 plan, Enel reinforces its strategies
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Having already achieved its objectives, Enel is looking to 2020, continuing to focus on digitalisation, customer services, and the development of the network and renewable energies, the fundamental principles of its strategy. “Today, the Group is a more profitable, efficient and sustainable organisation,” said CEO Francesco Starace, explaining the strategic plan 2018-2020 in London during Capital Markets Day 2017.

The CEO let the figures do the talking. The dividend for the financial year 2016 increased by 44% compared to the pay-out in 2015, proving the effectiveness of the industrial growth process adopted in recent years that, also thanks to measured capital management and an asset turnover which was quicker than planned, led to an increase in cash flow generation and profitability. This result has been achieved in a rather challenging climate but one that has enabled the Group to position itself at “the forefront of the global energy transition”, especially “in crucial macro-areas for sustainable growth, such as renewable energies and digitalised distribution networks”. This is the reason why, Starace stressed, “we can extract value from trends of urbanisation and electrification, and deep decarbonisation, in order to seize the opportunities that come from the radical change that is shaking up the entire energy sector”.

Looking towards 2020, digitalisation, introduced last year, is today a solid and tangible aspect of our business

Francesco Starace, Enel CEO

Having met the objectives set in the 2017-2019 plan ahead of schedule, Enel continues to pursue the same path, further reinforcing its strategies. “Looking towards 2020, digitalisation, introduced last year, is today a solid and tangible aspect of our business,” explained Starace, highlighting that the new plan envisages investments worth approximately 5.3 billion euro in this sector (600 million euro more than the previous plan). Customer care will also continue to be essential, as confirmed by the launch of a new global business line that “will open up new opportunities to add further value”: e-Solutions will arrive on the market in 2018, expanding the group’s range of services in the digital economy and e-business with the new brand Enel X. Four new product and service lines have been created to meet the needs of customers: e-Industry, e-Mobility, e-Home and e-City.

Finally, the CEO pointed out that a minimum dividend of 0.28 euro per share on the 2018 financial results has been introduced in the plan, a 33% increase compared to the minimum target for 2017 presented last year. “Improvements in financial objectives boost our confidence when we look to the future and to Enel’s role today and in the years to come” concluded Starace

 

Enel editorial staff