Enel Unveils Strategy Up to 2030
November 24 2020 - 02:56AM
Dow Jones News
By Giulia Petroni
Enel SpA on Tuesday unveiled its strategy for the 2021-2030
period, focusing on sustainable growth and the acceleration of the
energy transition.
The Rome-based energy company said it expects adjusted earnings
before interest, taxes, depreciation and amortization--ordinary
Ebitda--to increase at a 5% to 6% compounded annual growth rate
over the next 10 years. Adjusted net income--net ordinary
income--is expected to increase at a 6% to 7% compounded annual
growth rate in the same period.
Ordinary Ebitda is seen coming in between 20.7 billion euros and
21.3 billion euros ($24.5 billion-$25.2 billion) in 2023, while net
ordinary income is expected to be between EUR6.5 billion and EUR6.7
billion in the year.
Enel plans to mobilize investments of EUR190 billion between
2021 and 2030, aiming to boost decarbonisation and electrification.
Investment will be directed toward the global power-generation
business, infrastructure and networks as well as its customers
business.
Around EUR70 billion will be invested in renewable energy, with
a targeted renewable installed capacity of around 120 gigawatts by
2030.
Enel said its shareholders will receive an increasing guaranteed
fixed dividend per share targeted at EUR0.43 in 2023, with a
compound annual growth rate of around 7%.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
November 24, 2020 02:41 ET (07:41 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Enel (BIT:ENEL)
Historical Stock Chart
From Feb 2024 to Mar 2024
Enel (BIT:ENEL)
Historical Stock Chart
From Mar 2023 to Mar 2024