Revenues at +89.1% compared to the first quarter of 2021, net income at +21.6%, ordinary EBITDA at +6.8%. The “validity” of Enel’s business model is in the numbers of the first quarter of 2022: this is what CEO Francesco Starace pointed out while speaking of the “solid results in line with expectations,” which were achieved by “minimizing the risks arising from the difficult geopolitical and economic scenario, while also protecting our stakeholders.” As of March 31, 2022, the Group’s revenues were at 34,958 million euros: the positive change (+89.1% compared to 2021) concerns “all business sectors, mainly due to higher quantities of electricity produced and sold at increasing average prices” and was also affected by “the revenues from the partial sale of the equity investment in Ufinet.” Ordinary net income amounted to 1,443 million euros (+18.9%), while net income was at 1,430 million euros (+21.6%). Ordinary EBITDA was at 4,486 million euros (+6.8% compared to the 4,199 million euros in the first quarter of 2021). EBIT amounted to 2,679 million euros (2,565 million euros in the first quarter of 2021, +4,4%). Investments also increased: 2,533 million euros (+24.5% compared to the first quarter of 2021).
“In the first quarter of 2022, the validity of our business model enabled us to achieve solid results in line with expectations”
Francesco Starace, Enel CEO
“Through the Group’s integration across the value chain, its geographical and technological diversification, as well as the acceleration of energy transition investments, we can consolidate the implementation of our Strategy in the short, medium, and long term,” stated CEO Francesco Starace, also confirming the 2022 guidance on EBITDA and net ordinary income. In line with the guidance provided last November at the presentation of the 2022-2024 Strategic Plan, the Group forecasts that ordinary EBITDA in 2022 will be between 19 and 19.6 billion euros and net ordinary income will be between 5.6 and 5.8 billion euros.
Enel editorial staff