Revenues are at 80.3 billion euros (+6.1%, compared to 2018), and ordinary Ebitda at 17.9 billion euros (up by 10.5%, compared to the previous year). In 2019 Enel “continued along our growth path,” as the Group’s CEO and General Manager Francesco Starace pointed out, following the review of the preliminary results for 2019. Ebitda amounted to 17.7 billion euros (+8.6%), while the rise of net financial debt reflected the large investment made in the renewable energy sector.
We are in a strong position to achieve the targets set in our 2020-2022 Strategic Plan, as well as the United Nations Sustainable Development Goals (SGDs) to which we have committed
Francesco Starace, Enel CEO
Enel CEO Francesco Starace emphasised the Group’s continuity in achieving “the targets we set for ourselves, with ordinary EBITDA at 17.9 billion euros, which outperformed the target we had already revised upwards, as announced at the end of 2019.” This growth was “mostly driven by distribution networks, especially thanks to Enel Distribuição São Paulo in Brazil, and by sales in end-user markets in Italy and Brazil.”
Furthermore, with regards to targets, the Enel CEO also commented on decarbonisation, an area to which Enel is particularly committed: indeed, as the 2019 preliminary results confirmed, “we continue to strengthen our global leadership in renewables with over 3 GW of capacity built during the year around the world, once again beating our own record of the previous year.” Our performance in 2019, which Francesco Starace describes as “excellent,” represents “further progress towards reaching our objectives, placing us in a strong position to achieve the targets set in our 2020-2022 Strategic Plan, as well as the United Nations Sustainable Development Goals (SDGs) to which we have committed.”
Enel editorial staff