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Enel: Board of Directors approves 2009 results improvements overall despite challenging economic conditions

Date

22 Mar 2010

Sections

Competition

•Revenues: 64,035 million euros (61,184 million in 2008, + 4.7%)

• EBITDA: 16,044 million euros (14,318 million in 2008, + 12.1%)

• EBIT: 10,755 million euros (9,541 million in 2008, +12.7%)

• Group net income: 5,395 million euros (1) (5,293 million in 2008,

+1.9%)

• Net financial debt: 50,870 million euros (49,967 million at 31

December 2008, +1.8%)

• Total proposed dividend for 2009: 0.25 euros per share (of which 0.10 euros per share paid as an interim dividend in November 2009) on a ordinary consolidated net income of approximately 4,000 million euros.

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2010-2014 Business Plan presented to the financial community

• EBITDA to reach 16 billion euros in both 2010 and 2011 and 19 billion

in 2014

• Ordinary consolidated net income to reach 4 billion euros in 2010, 4.1

billion euros in 2011 and 5.4 billion euros in 2014

• Net consolidated debt at 45 billion euros in 2010, 44.5 billion euros in

2011 and 39 billion euros in 2014, while maintaining an ‘A’ rating

• EBITDA and cash flow up, in part thanks to efficiency programmes

• Disposal programme of around 7 billion euros aimed at reducing debt

in 2010

• Plan to invest around 30 billion euros by 2014

• Dividend policy confirmed: payout 60% of consolidated net ordinary

incom

• Strategic importance of renewable sources: integration of Spanish and

Portuguese operations of Enel Green Power and Endesa

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