Eni ended 2012 with a net profit of 7,79 billion euros (+13,5% on an annual basis) and the Board has proposed a dividend of 1,08 per share (1,04 in 2011), of which 0,54 euros distributed as an advance. L'adjusted net profit it stood at 7,13 billion (+2,7%), 1,52 billion in the fourth quarter alone (-3,6%). If the contribution from Snam is excluded, the figure is up by 7,6% in 2012 and by 9,2% in the last quarter. The data was released this morning by the company: numbers that gave wings to the share price of the energy giant, leading the rises of the Ftse Mib with a leap of almost three points.
Eni's capital structure has changed substantially compared to 2011 for the sale of a stake in Snam (about 30% sold to CDP for 3,52 billion), which entails the loss of control and the consequent deconsolidation of the debt of 12,45 billion weighing on the plant engineering company. L'net financial debt of Eni at the end of 2012 was equal to 15,45 billion, down by 12,59 billion on 2011, also thanks to the net cash flow from operating activities of continuing operations (12,42 billion) and to other disposals (2,5 .13,33 billion). These positive flows were partially absorbed by cash requirements for investments (3,84 billion) and for the payment of dividends to shareholders (0,54 billion) and minorities (XNUMX billion).
2012 "was a record year for our exploration with discovered resources equal to about 6 times the annual production, thanks to the exceptional results achieved in Mozambique and the successes obtained in West Africa, the Barents Sea and Indonesia", he commented Paolo scaroni, the CEO of the company.
“We have also made progress in development projects – continued Scaroni -, increasing our reserves and bringing them to the best levels ever. Our Exploration & Production division, thanks to production growth, achieved excellent operating profits. In Gas & Power and Refining & Marketing we achieved significant efficiency gains which allowed us to absorb most of the effects of a still difficult European scenario. Eni, with a capital structure strengthened also by the divestments of Snam and Galp, will achieve growth rates at the top of the industry in the upstream sector”.
In the fourth quarter of last year, the production of hydrocarbons of the Eni group recorded a 7% year-on-year growth. A result mainly due to the resumption of activities in Libya, the start of operations in Russia and increased production in Iraq. During the same period gas sales they reached 25,08 billion cubic metres, a decrease of 1,5% compared to the fourth quarter of 2011. But net of the disposal of Galp, gas sales were substantially in line. As for theexploratory activity, added 2012 billion boe in 3,64, mainly due to the huge volume of gas discovered in Mozambique.
