Italy · Delayed Price · Currency is EUR Enel SpA Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong organic growth, with EBITDA and net income both up 4% year-over-year, driven by resilient grid performance and disciplined capital allocation. The outlook remains positive, with robust guidance for 2026 and continued focus on brownfield opportunities and shareholder returns.
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The plan targets accelerated growth through increased CapEx, brownfield renewables, and digital transformation, while maintaining financial discipline and a strong focus on shareholder returns. All regulatory risks are factored in, with robust EPS and dividend growth projected, and a clear path to net zero by 2040.
Fiscal Year 2025
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EBITDA and net income grew steadily, with a strong focus on European operations and shareholder returns. Investments in grids and renewables drove asset quality, while buybacks and dividends enhanced EPS. Regulatory and market conditions in Italy, Spain, and Brazil shape future growth.
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Net income rose 4% year-over-year, with EBITDA at EUR 11.5 billion and net debt reduced by EUR 2 billion. Strategic investments in networks and renewables, a EUR 1 billion share buyback, and strong cash flow support guidance at the top end of the range.
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Q1 saw record results with EBITDA and net income up 2% year-over-year, strong cash generation, and improved leverage. 2025 guidance is confirmed, with a focus on organic growth, network investment, and value-driven retail strategy.
Fiscal Year 2024
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2024 saw robust financial and operational results, with EBITDA at €22.8B and net income up 10% year-over-year. Dividend per share is set at €0.47, and a €3.5B share buyback is proposed. 2025 guidance is confirmed, with continued growth expected.
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Ordinary EBITDA and net income rose 6% and 16% year-over-year, respectively, with strong performance in Grids and renewables. Net debt reduction and cash generation support confirmed 2024 guidance, with shareholder remuneration updates expected at Capital Markets Day.
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Strong first-half results with 9% EBITDA growth and significant deleveraging position the company to meet or exceed 2024 guidance. Renewables and grid segments drove performance, while major disposals and partnerships enhanced financial flexibility and value creation.