Enel’s Clean Energy Strategy Pays Off With Increase in Earnings

By [email protected] The Italian energy giant Enel has seen a growing clean energy focus pay off with a 3.8 percent increase in core earnings in 2018.

The rise, which saw earnings before interests, tax, depreciation and amortization (EBITDA) hitting €16.2 billion ($18.3 billion), was mainly down to improving margins on the company’s renewable projects in Italy, Spain and Latin America, Reuters reported this month.

Net debt was also up 9.9 percent, to €41.1 billion ($46.4 billion). The results, in line with company targets, saw Enel’s share price dipping slightly in the days after the announcement, although the stock continues to trade well above its

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