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Francesco Starace: Enel’s performance as of 30 September 2021

Enel aims for green growth, as Francesco Starace commented and investments show

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Investments up by 20.4%, especially in the green sectors, and revenues up by 17.1%: “in the first nine months of 2021, we progressed on our pathway for industrial growth, recording an improved operating performance in all our business lines.” Enel’s CEO Francesco Starace confirmed this while talking about Enel’s results as of 30 September and, in particular, about the figures regarding investments, “which will allow us to support growth and seize opportunities in the ongoing recovery.”

“In the first nine months of 2021, we progressed on our pathway for industrial growth, recording an improved operating performance in all our business lines”

Francesco Starace, Enel CEO

Enel invested 7.9 billion euros in the first nine months of the year, in particular in Infrastructures and Networks, Enel Green Power, End-User Markets, and Enel X, with a view to contributing to green growth in an increasingly significant way – also considering the need to accelerate in this area that CEO Francesco Starace has emphasized on several occasions. Revenues also increased, to 57.9 billion euros: this is attributable to business lines such as Thermoelectric Generation and Trading (+30%), Enel Green Power (+20.1%) and End-User Markets (+9.9%) due to higher volumes of energy sold, as well as Infrastructures and Networks (+4.6%) due to higher volumes of energy transported, and Enel X (+37%).

“Based on these premises, for 2021 we can confirm the financial targets for ordinary EBITDA and net ordinary income presented to the markets in the last Strategic Plan,” CEO Francesco Starace announced. Furthermore, in light of the Group’s results, “we can also confirm our dividend policy, with an increase of around 9% in the interim dividend to be distributed in January 2022.”

 

Enel editorial staff