MILAN: Italy’s Enel beat expectations when it reported core earnings in the first three months little changed, as a better performance in Italy and Latin America almost offset weakness in Spanish business and in renewable energy.
State-controlled Enel said in a statement on Monday its earnings before interest, tax, depreciation and amortisation fell 0.1 percent to 4.02 billion euros ($4.6 billion), above a Reuters analyst poll of 3.82 billion euros.
Enel, one of Europe’s most indebted utilities, said its net debt at the end of March was 36.644 billion euros.
Copyright Reuters, 2016
Courtesy : BRecorder