“I intend to confirm the proposal to the Board of Directors on 19 September of an interim dividend of €0,43 per share”. This was announced by the CEO of Eni, Claudio Descalzi, in the press release on the group's half-year results.
Eni therefore specifies that the proposed 2019 interim dividend of 0,43 euro per share is valid on the annual dividend forecast of 0,86 per share. Last year, the approved down payment was 0,42 euro per share, to be used on the annual dividend of 0,83 euro per share.
As for the accounts, Eni archives the first six months 2019's with a Net income equal to €1,52 billion, down 31% year-on-year. The decrease is reduced to 11% for the adjusted figure, which stands at 1,55 billion, and 6% for adjusted operating profit, to 4,63 billion. The group informs that the negative trend of profits is essentially due to the deterioration of the scenario.
If you narrow your gaze to just the second quarter,Net income shows a year-on-year decrease of 27%, to 0,42 billion, while the adjusted data by 24%, to €0,56 billion, excluding the effects of IFRS 16. Theadjusted operating profit instead it drops by 11%, to 2,28 billion. Excluding for the sake of homogeneity the result of Eni Norge for 2018 and net of the scenario effect and IFRS 16, the change is restated at +9% (+7% in the half year).
I revenues improved in the half year by 3% compared to the same period of 2018 to 36,98 billion euros and the hydrocarbon production it was 1,83 million boe per day in the quarter and half year, essentially unchanged excluding the portfolio.
Positive the operating cash generation: +27% in the semester, to 6,61 billion, and +49% in the quarter, to 4,52 billion. However, the data is conditioned by the extraordinary payment of 330 million related to the definition of an arbitration.
In the six months, the net investments they reached 3,79 billion, net of the purchase of reserves in Alaska and Algeria.
As regards the net debt, excluding the application of Ifrs 16, the figure stands at 7,87 billion as at 30 June, 5% less than at 31 December 2018. If the effects of Ifrs 16 are included, debt rises to 13,59, XNUMX billion.
Just under an hour after the start of trading, the stock on the stock exchange of Eni yields 0,9%, at 14,22 euros.
