Noticia

• Revenues: 88,006 million euros (66,004 million euros in 2020, +33.3%)
− The positive change is attributable to all Business Lines, mainly due to the higher volumes of electricity produced and sold. The change also reflects the gain realized from the sale of the stake held in Open Fiber S.p.A. These effects were partially offset by the negative trend of exchange rates, mainly in Latin America

• Ordinary EBITDA: 19,210 million euros (18,027 million euros in 2020, +6.6%)
− The increase is mainly attributable to Enel Green Power, for its operational growth due to higher production and the commissioning of new renewable plants; to Infrastructure and Networks, thanks to the increasing margin in Latin America alongside better performances associated with improved service quality and network digitalization in Europe; as well as to the aforementioned gain realized on the sale of Open Fiber S.p.A. These effects more than offset the lower margins of Thermal Generation and Trading connected to the price effect on hedging activities, certain tariff adjustments in Italy and Spain, as well as unfavorable exchange rate trends mainly in Latin America

• EBITDA: 17,567 million euros (16,9032 million euros in 2020, +3.9%)

• EBIT: 7,680 million euros (8,4552 million euros in 2020, -9.2%)
− the change mainly reflects higher depreciation and amortization recorded for the investments made and the value adjustments recorded during the year compared to the previous year, the effects of which were only partially offset by the trend in operations

• Group net ordinary income: 5,593 million euros (5,197 million euros in 2020, +7.6%)
------
1 The 2020 figure has been adjusted, for comparative purposes only, to take into account the effects of the differing classification resulting from the measurement at fair value, at the end of the period, of outstanding contracts for the purchase and sale of commodities settled by physical delivery; this different classification did not have any effect on EBIT.
Moreover, for comparative purposes only, a reclassification from financial income to revenues was made, for an amount of 87 million euros, of the component recognized in the income statement related to the remeasurement at fair value of financial assets related to service in concession of distribution activities in Brazil falling within the scope of IFRIC 12. This last classification had an effect of the same amount on EBIT.
2 For comparative purposes only, the figure for 2020 has been adjusted due to the different classification mentioned above concerning the application of IFRIC 12 in Brazil.