Revenues in 2014 amounted to 75,791 million euros, a decrease of 2,872 million euros (-3.7%) compared with 2013.
Revenues in the first nine months of 2015 amounted to 55,998 million euros, an increase of 1,923 million euros (+3.6%) on the first nine months of 2014. The change is mainly attributable to greater revenues from the sale of fuels, gas and green certificates, which more than offset a decline in sales of electricity.
More specifically, of total revenues in the first nine months of 2015, gross of intersegment eliminations and adjustments, Italy accounted for 28,430 million euros (+5.2%), the Iberian Peninsula for 15,192 million euros (+0.6%), Latin America for 7,974 million euros (+15.8%, reflecting the increase in revenues following a number of regulatory changes in Argentina and the effect, in Chile, of the acquisition of the GasAtacama group), Eastern Europe for 3,541 million euros (-9.9%) and the Renewable Energy Division for 2,258 million euros (+12.0%)..
EBITDA for 2014 amounted to 15,757 million euros, down 5.6% compared with 2013 (16,691 million euros).
EBITDA in the first nine months of 2015 amounted to 12,161 million euros, an increase of 568 million euros (+4.9%) compared with the first nine months of 2014. Specifically EBITDA in Italy amounted to 4,558 million euros (-7.6%), that in the Iberian Peninsula to 2,797 million euros (+12.1%), that in Latin America to 2,292 million euros (+13.1%), that in Eastern Europe to 1,125 million euros (+43.7%) and that of the Renewable Energy Division to 1,470 million euros (+12.0%).
EBIT for 2014 amounted to 3,087 million euros, a decrease of 68.3% compared with 2013 (9,740 million euros)..
EBIT in the first nine months of 2015 was 6,308 million euros, a decrease of 832 million euros (-11.7%) compared with the same period of 2014. The decline reflects the impairment losses on property, plant and equipment and intangible assets of 1,605 million euros (recognized on the generation assets in Russia and renewables assets in Romania as a result of developments in market and regulatory conditions, and on Slovakian assets in order to align their carrying amount with estimated realisable value). The increase in impairment losses was only partly offset by a decline in depreciation and amortization and the increase in EBITDA.
Group net income for 2014 amounted to 517 million euros, compared with 3,235 million euros in 2013 (-84.0%).
Group net income in the first nine months of 2015 amounted to 2,089 million euros compared with the 1,947 million euros posted in the same period of the previous year (+7.3%).
Group net ordinary income for 2014 amounted to 2,994 million euros, down 125 million euros (-4.0%) on the 3,119 million euros posted in 2013.
Group net ordinary income in the first nine months of 2015 amounted to 2,641 million euros, up 781 million euros (+42.0%) compared with the same period of 2014.
The consolidated balance sheet as of September 30th, 2015 shows net capital employed of 90,632 million euros (88,528 million euros as of December 31st, 2014), including net assets held for sale of 1,751 million euros (1,488 million euros as of December 31st, 2014). It is funded by shareholders' equity attributable to shareholders of the Parent Company and non-controlling interests of 51,275 million euros and net financial debt of 39,357 million euros (37,383 million euros as of December 31st, 2014).
Capital expenditure in the first nine months of 2015 amounted to 4,680 million euros, net of assets held for sale, an increase of 668 million euros compared with the same period of 2014, essentially attributable to renewable generation activities mainly abroad.
Group employees as of September 30th, 2015 numbered 68,384 (68,961 as of December 31st, 2014).
Data as of September 30, 2015