Enel: Board of Directors approves results

The Board of Directors of Enel SpA (“Enel”), chaired by Patrizia Grieco, yesterday evening examined and approved the Interim Financial Report at March 31st, 2015.

 ·    Revenues: 19,970 million euros (18,182 million euros in Q1 2014, +9.8%)

·    EBITDA: 4,023 million euros (3,991 million euros in Q1 2014, +0.8%)

·    Ordinary EBITDA: 4,023 million euros (3,859 million euros in Q1 2014, +4.2%)

·    EBIT: 2,625 million euros (2,563 million euros in Q1 2014, +2.4%)

·    Group net income: 810 million euros (868 million euros in Q1 2014, -6.7%)

·    Group net ordinary income: 810 million euros (755 million euros in Q1 2014, +7.3%)

·    Net financial debt: 39,514 million euros (37,383 million euros as of December 31st, 2014, +5.7%)

Francesco Starace, Chief Executive Officer and General Manager of Enel, remarked: “A strong recovery in our Latin American operations combined with the ongoing positive performance in the retail business in Italy and in Iberian operations, as well as solid growth in renewables are all factors that contributed to a sound set of results in the first quarter of this year. Moreover, Enel’s effective strategy of refocusing on the business as well as the search for operational efficiency is leading to the strengthening of our balance sheet. Our resilience to the adverse economic and regulatory climate has proven effective in mature markets, and we continue to work hard to create growth opportunities and to deleverage.”