Electricity

Enel’s subsidiary posts EUR 64 million profit in Q1

Published

May 9, 2015

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Published:

May 9, 2015

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Enel’s EBITDA in Romania fell by 1.5% in the first quarter, from EUR 65 million a year ago to EUR 64 million, according to data released by the Italian group and quoted by Mediafax.

The company has obtained earnings before interest and taxes (EBIT) down by 26% from EUR 50 million a year ago to EUR 37 million. Revenues decreased by 3.6% from EUR 275 million in the first quarter of 2014 to EUR 265 million, Business-review.eu portal reported.

Enel owns in Romania, through Enel Green Power, a net installed, renewable capacity of 534 MW. Out of it, the net installed capacity from wind is 498 MW and 36 MW from other sources. The level of production obtained from renewable sources is 428 MW. Of this total, 421 MW represent wind energy production and 7 MW from other renewable energy sources.

Ebitda obtained by Enel in Eastern Europe, region which includes also Russia, Slovakia, and other regions, fell by 17.4% in the first quarter, from EUR 282 million to EUR 233 million. Enel has 2.6 million clients in Romania.

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