BREAKING NEWS

BREAKING NEWS

Enel 2018 core earnings rise 3.8 percent boosted by green margins

Enel 2018 core earnings rise 3.8 percent boosted by green margins
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STEFANO RELLANDINI(Reuters)
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MILAN (Reuters) - Enel said on Wednesday its core earnings last year rose 3.8 percent, boosted by stronger margins in its renewable businesses in Italy, Spain and South America.

In preliminary results, Italy's biggest utility said its ordinary earnings before interests, tax, depreciation and amortisation (EBITDA) were 16.2 billion euros (14.2 billion pounds), in line with its own targets.

Enel, which controls Spanish utility Endesa, said its net debt at the end of the year was 41.1 billion euros, up 9.9 percent on the year.

(Reporting by Stephen Jewkes; editing by Agnieszka Flak)

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