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Enel: profits rise to 3,5 billion (+1,2%), electricity demand in Italy up by 1,7%

The electricity distributed, as at 30 September 2011, amounted to 327,3 TWh, of which 184,8 TWh in Italy and 142,5 TWh abroad. The volumes of electricity transported in Italy increased by 0,7 TWh (+0,4%) compared to the same period last year. Electricity transported on foreign distribution networks shows an increase of 2,8%.

Enel: profits rise to 3,5 billion (+1,2%), electricity demand in Italy up by 1,7%

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of up to 5 billion by 2012 and which had resulted in placements of 1,75 billion in July and 2,25 billion in October was revoked.

The demand for electricity on the national market in the first nine months of 2011 amounted to 250,5 TWh, up by 1,7% compared to the same period of 2010, while the net import of energy from abroad recorded a decrease of 1,5 TWh (-4,5%). The electricity distributed, as at 30 September 2011, amounted to 327,3 TWh, of which 184,8 TWh in Italy and 142,5 TWh abroad. The volumes of electricity transported in Italy increased by 0,7 TWh (+0,4%) compared to the same period last year. Electricity transported on the distribution networks abroad amounted to 142,5 TWh, with an increase of 3,9 TWh (+2,8%) compared to the corresponding period of last year mainly due to the greater contribution from Endesa ( +3,6 TWh), both in the Iberian peninsula (+1,7 TWh) and in Latin America (+1,9 TWh).

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