Enel Green Power SpA (EGPW.MI), one of the world's biggest renewable energy companies, said Friday that its preliminary Ebitda for 2011 jumped 23% on the year on higher revenue and growth of power generating assets.
Enel Green Power SpA (EGPW.MI), one of the world's biggest renewable
energy companies, said Friday that its preliminary Ebitda for 2011 jumped 23%
on the year on higher revenue and growth of power generating assets.
Enel Green Power said in a statement that earnings before interest, tax,
depreciation and amortization climbed to EUR1.6 billion from EUR1.3 billion in
2010, while revenue advanced 8.7% at EUR2.5 billion over the same period.
Ebitda rose 7.7% to EUR1.4 billion if extraordinary income is excluded, it
added.
Net debt at the end of last year was EUR4.1 billion, up from the EUR3.97
billion on Sept. 30.
The Rome-based company, which is controlled by utility Enel SpA (ENEL.MI), will
present its full-year 2011 results and dividend proposal in March.
At 1518 GMT, shares fell 0.2% at EUR1.54, slightly better than
Italy
's
benchmark FTSE Mib's 0.6% drop.
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