Enel Q1 2024 Core Earnings Up 3.6%, Maintains Guidance
Enel Reports First Quarter 2024 Financial Results
Core Profit Performance
MILAN, May 7 (Reuters) - Italian utility Enel said on Thursday its ordinary core profit rose 3.6% year-on-year in the first quarter as positive performances at its grid businesses in Spain and Latin America offset weakness in its domestic activities.
EBITDA and Analyst Consensus
Earnings before interest, taxes, depreciation and amortisation (EBITDA) excluding extraordinary items came in at 6 billion euros ($7.1 billion), in line with an analyst consensus compiled by LSEG.
Full-Year Financial Targets and Market Context
The state-controlled group confirmed full-year financial targets announced at its capital markets day in February, before the start of the U.S.-Israeli war against Iran.
($1 = 0.8496 euros)
(Reporting by Francesca Landini, editing by Alvise Armellini)
