The group Enel ended 2015 with revenues for 75,7 billion euros, a decrease of 0,1% compared to 2014, and a Ebitda equal to 15,3 billion euro (-3,2%). The company communicates it, specifying that thenet financial debt stopped at 37,5 billion euros (+0,3% compared to the end of 2014), "a better result than the target of 38,0 billion euros announced" last November.
“Throughout 2015 – commented the CEO, Francesco Starace – we faced a complicated macroeconomic scenario, due to the slow recovery of demand in mature markets and the adverse evolution of exchange rates. The positive contribution of the efficiencies achieved on the entire perimeter and the good stability of the mature markets in Italy and Iberia, as well as the growth in renewables have contributed to the achievement of these solid results".
The slight decrease in turnover, according to the company, is attributable to lower electricity sales, partially offset by higher revenues from fuel and gas sales. The largest revenues in Italy and Latin america they partly offset the negative impact relating to the change in the exchange rates of other currencies against the euro (equal to approximately 0,9 billion euro).
The decline in Ebitda, on the other hand, is substantially attributable to the negative trend of exchange rates, to the formalization of some agreements in the fourth quarter of 2015 for the early departure of staff in Italy and Spain, as well as the lower margin from the generation of electricity from conventional sources.
