Enel Group announced an ordinary EBITDA of 19.68 billion euros in 2022 (19,210 million euros in 2021, +2.5%), exceeding Group guidance communicated to financial markets of 19.0-19.6 billion euros.
The increase is attributable to the positive performance of the integrated business, as a result of the combination of the Thermal Generation and Trading, Enel Green Power, End-User Markets and Enel X businesses, together with the positive performance of Enel Grids. It is also worth highlighting the favorable exchange rate developments.
Group’s net ordinary income, of 5,391 million euros (5,593 million euros in 2021, -3.6%), exceeds Group guidance disclosed to financial markets of 5.0-5.3 billion euros. The improvement in business performance, partially offset by the increase in depreciation for the year, the more efficient financial management associated with the liability management activities of last year, and the lower tax charges on Group ordinary results partially offset the effects of the higher incidence of non-controlling interests due to the compression of results in Italy following the year’s peculiar energy scenario.
“Enel’s excellent 2022 results underscore the Group’s ability to create value for its stakeholders, notwithstanding the highly challenging scenario that has characterized the last three years,” commented Enel CEO and General Manager Francesco Starace.
“Thanks to the resilience of our integrated business model, our solid operating performance, the managerial actions implemented during the year, and above all the tireless work of all our colleagues, we have been able to exceed the guidance announced to the markets. Based on these results, we are offering our shareholders a dividend of 0.40 euros per share, an increase on last year.
”In the coming months, we will continue to grow in renewables and digitize distribution networks, helping to decarbonize the generation mix and enhance energy independence in the geographies where we operate, improving service quality, enabling the electrification of end uses and protecting our customers from the volatility of energy markets. We will focus investments mainly in Italy and in the other core countries, in order to accelerate the Group’s sustainable growth pathway, further reducing its risk profile.”