In the first nine months of 2011 Enel achieved revenues of 57.496 million, marking an increase of 8,5% compared to the same period of 2010, and a net result of 3.492 million euros, up 1,2%. EBITDA amounted to 13.284 million (+0,1%) and EBIT to 9.014 million euros (+1%). Group ordinary profit was 3.234 million euros (-6,2% compared to 30 September 2010), while net financial debt reached 47.767 million, with an increase of 6,3% compared to 31 December of last year.
Enel's board of directors also approved a new issue, by December 31, 2012, of one or more bonds for a total maximum amount of 5 million euros, to be placed with institutional investors or the retail public. At the same time, the resolution last June which had authorized issues of up to 5 billion by 2012 and which had resulted in placements of 1,75 billion in July and 2,25 billion in October was revoked.
According to Fulvio Conti, the company's managing director, “the satisfactory results for the first nine months of the year confirm the strength of the group's international diversification. The growth of Latin America, Russia and Eastern Europe, as well as of renewable sources on a global scale, offset the economic weakness of the cycle in the euro area. Net income, on the other hand, will suffer the effects of the Robin Tax”.
