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Francesco Starace: Enel in the first quarter of 2021

Enel increased its investments, mainly in renewables and grids

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Investments up by 8.8% and targets confirmed: when commenting on the results achieved in the first quarter of 2021, CEO and General Manager Francesco Starace remarked that Enel believes in the economic recovery. The Group significantly increased its investments, mainly in renewables and grids, “in order to further accelerate the Group’s decarbonization process, and seize the opportunities emerging from the economic recovery.” The CEO and General Manager also stressed that such investments will enable Enel “to accelerate growth, in a context of ever increasing decarbonization, projecting us towards a new record in renewable capacity construction by the end of the year.”

“In light of the financial and operating results achieved during the first quarter, we can confirm our growth targets for 2021 in terms of ordinary EBITDA and net ordinary income, as announced in November 2020 during the presentation of the Strategic Plan”

Francesco Starace, Enel CEO

In an economic and social context that is still affected by the pandemic, the Group headed by Francesco Starace has shown remarkable resilience, thanks to an effective business model integrated along the value chain, a solid financial structure and a high level of digitalization. Not surprisingly, in light of the financial and operating results achieved in the first quarter, “we can confirm our growth targets for 2021 in terms of ordinary EBITDA and net ordinary income,” as Enel’s CEO and General Manager pointed out.

This refers to what Francesco Starace announced in November 2020 during the presentation of the 2021-2023 Strategic Plan: over the three-year period, the guidance provided to the financial markets includes an ordinary EBITDA in a range between 18.7 and 19.3 billion euros, and a net ordinary income in a range between 5.4 and 5.6 billion euros.

 

Enel editorial staff

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