Positive financial performance in 2017 for Endesa, the Spanish group controlled 70% by Enel, which closed the year with a Ebitda up 3% to 3,542 billion compared to 3,432 billion in 2016 and a the net profit ordinary up 4% to 1,463 billion (+3% without considering the contribution of Enel Green Power España in 2017).
Endesa's board of directors has proposed paying a gross dividend per share of €1,382, an increase of 4% compared to 2016 (€1,333). Fixed costs were reduced by 4%, while debt grew by 1% to 4,985 billion euros.
On the renewables front, hydroelectric, wind, solar and nuclear sources accounted for 44% of Endesa's generation mix, which in the past year was awarded 879 MW in auctions and 132 MW in the acquisition phase. Thus the commitment of the main Spanish electricity company to decarbonisation continues.
The 2017 results, writes Endesa in the results slides released by the Spanish CNMV, "exceed the objectives despite the adverse market conditions, thanks to extraordinary management measures".
In Madrid, Endesa shares did not react to the publication of the accounts, losing 1,76%.
