Enel closed the first nine months of 2013 with profits down 16,1% to 2.335 million euros, while in the third quarter alone profits fell by 31% to 655 million euros. Net ordinary income for the first nine months fell by 11,4% to 2.307 million euros. These are results in line with forecasts and the group which confirmed its 2013 targets. Ebitda rose by 4,3% over the same period of 2012 while Ebit fell by 8,6%. In the nine months, revenues fell by 4,4% and by 10,4% in the quarter. Debt increased slightly to 43,99 billion (+2,4% on December 2012).
“The results for the nine months – said Fulvio Conti, Chief Executive Officer and General Manager of Enel – are the result of managerial actions to contain costs, in fact the annual target has already been achieved in the period, and to optimize investments and benefit also of growth in emerging markets. We can therefore confirm the EBITDA and Net Ordinary Profit targets already communicated for the current year. Furthermore, the finalized and announced disposals of assets, the issue of hybrid bonds for more than half of the program communicated to the market, lead to an acceleration of the Group's capital strengthening process and lead to forecast an improvement of the 42 billion target of net financial debt, originally set for 2013”.
