Enel FY EBITDA up 3.9 pct on yr at over 8.0 bln eur, driven by foreign ops |
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Published
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Thu, 01 Feb 2007 18:56
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MILAN (AFX) - Enel SpA said preliminary 2006 EBITDA rose 3.9 pct on the year to over 8.0 bln eur, driven mainly by the growth seen in the group's foreign operations.The EBITDA result is in the middle of the range of 7.754-8.454 bln eur forecast by 22 brokers.Enel said that before a provision of about 400 mln eur, 2006 EBITDA rose 9.1 pct to over 8.4 bln eur.The company said the provision was made to cover the costs of a 'programme of operative excellence' which will allow Enel to make savings of about 200 mln eur per year as of 2008.Sales in 2006 rose a preliminary 13.2 pct on the year to 38.5 bln eur, Enel said.Net debt fell to 11.7 bln eur at the end of 2006 from 12.3 bln end-2005, mainly as a result of the sale of Enel's stake in the telecom holding company Weather Investments.Enel CEO Fulvio Conti said he expects a dividend of over 0.44 eur per share to be offered on the 2006 results.Last year, Enel paid a dividend on 2005 results of 0.44 eur per share.'For 2007 we expect further improvement in the operating results from 2006,' Conti said.stephen.jewkes@thomson.comsj/jsaCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Enel ready to invest 1.5 bln eur in Romania, 2 bln eur in Bulgaria 