EBITDA: 1.8 billion euros (1.6 billion euros in 2012, +12.5% )
Net financial debt: 5.4 billion euros (4.6 billion euros in 2012, +17.4%)
Net installed capacity: 8.9 GW (8.0 GW as of December 31st, 2012, +11.3%)
Net electricity generation: 29.5 TWh (25.1 TWh as of December 31st, 2012, +17.5%)
Rome, February 3rd, 2014 The Board of Directors of Enel Green Power SpA (Enel Green Power), chaired by Luigi Ferraris, met today to review the preliminary consolidated results for 2013.
Total revenues of the Enel Green Power Group amounted to 2.8 billion euros, up 12.0% from the 2.5 billion euros posted in 2012. The increase of 0.3 billion euros is mainly attributable to higher revenues from the sale of electricity, including incentives, resulting from the increase in production in Italy, the rest of Europe and North America.
EBITDA totalled 1.8 billion euros, an increase of 12.5% compared with the 1.6 billion euros registered in 2012.
Net financial debt was 5.4 billion euros at the end of 2013, up about 0.8 billion euros on the 4.6 billion euros posted at the end of 2012.
Employees at the end of 2013 numbered 3,599 (3,512 at the end of 2012, of whom 103 employed by Enel.si Srl).
Commenting on the results, Francesco Starace, Chief Executive Officer and General Manager of Enel Green Power, stated: "The results posted in 2013, in line with what previously disclosed, confirm the highly successful implementation of the strategic guidelines that Enel Green Power has adopted, combining increasing technological and geographical diversification with the quest for operational excellence. Once again this year we have expanded installed capacity by more than 900MW, strengthening our presence in many areas of the world and continuing development in markets such as the United States and Latin America, where we have a significant number of projects under way.
Net installed capacity
Group net installed capacity at the end of 2013 totalled 8.9 GW, of which 2.6 GW (29%) of hydro capacity, 5.1 GW (57%) of wind, 0.8 GW (9%) of geothermal, 0.3 GW (4%) of solar and 0.1 GW (1%) of other renewable energy resources (biomass and cogeneration). Compared with December 31st, 2012, net installed capacity increased by 0.9 GW (+11.3%)4, mainly in the wind segment.
Net electricity generated by the Group in 2013 amounted to 29.5 TWh, of which 10.9 TWh (37%) from hydro, 12.2 TWh (41%) from wind, 5.6 TWh (19%) from geothermal, 0.3 TWh (1%) from solar and 0.5 TWh (2%) from other renewable energy resources (biomass and cogeneration).
Power generation increased by 4.4 TWh (+17.5%) compared with 2012, mainly attributable to the increase in installed wind capacity.
ALTERNATIVE PERFORMANCE INDICATORS
The following section describes a number of alternative performance indicators, not envisaged under the IFRS-EU accounting standards, which are used in this press release in order to facilitate the assessment of the Groups performance and financial position.
- Total revenues: calculated as the sum of "Revenues" and "Net income/charges from commodity risk management.
- EBITDA: an indicator of Enel Green Powers operating performance, calculated as Operating income plus Depreciation, amortization and impairment losses5;
- Net financial debt: an indicator of Enel Green Powers financial structure, determined by Long-term loans, the current portion of such loans, Short-term loans, less Cash and cash equivalents and Current financial assets and Non-current financial assets not considered in other balance sheet indicators.
The officer responsible for preparing the companys financial reports Giulio Antonio Carone declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance that the accounting information contained in this press release corresponds to the document results, books and accounting records.
All Enel Green Power press releases are also available in versions for smart phones and tablets.
You can download the Enel Mobile app at: Apple Store, Google Play and BlackBerryApp World
For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”).
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.