ENEL’S NET ORDINARY INCOME UP 18.6% IN 1Q 2017 DUE TO LOWER FINANCIAL EXPENSES AND REDUCED IMPACT FROM MINORITIES

Revenues: 19,366 million euros (17,872 million euros in the first quarter of 2016, +8.4%)

Due to an increase in revenues from sales to end users and electricity transport, an increase in electricity trading activities, as well as the depreciation of the euro against most of the currencies of the countries in which the Group operates

EBITDA: 3,914 million euros (4,017 million euros in the first quarter of 2016, -2.6%)

The improvement in performance in Latin America was more than offset by a decline in margins in Iberia, mainly in generation, and the effects of the change in the scope of consolidation

Ordinary EBITDA: 3,763 million euros (3,871 million euros in the first quarter of 2016, -2.8%)

 EBIT: 2,525 million euros (2,670 million euros in the first quarter of 2016, -5.4%)

Due to a 42 million euro increase in depreciation, amortisation and impairment

Microsoft Word - Pimo trimestrale 2017 ENG

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