Noticia

• Ordinary EBITDA at 4,486 million euros (4,199 million euros in the first quarter of 2021, +6.8%)
− The increased margin reflecting higher output from conventional sources, alongside the positive effects from the new renewable capacity installed and the results deriving from commodity price risk management more than offset the negative effects of hydro generation, due to low water availability, as well as the higher provisioning costs in End-User Markets. The change is also attributable to the gain from the partial sale of the equity investment in Ufinet

• EBITDA at 4,446 million euros (4,1312 million euros in the first quarter of 2021, +7.6%)

• EBIT at 2,679 million euros (2,5652 million euros in the first quarter of 2021, +4.4%)
− The change primarily reflects the positive operating performance, only partially offset by higher depreciation and amortization as well as write-downs of receivables

• Group ordinary net income at 1,443 million euros (1,214 million euros in the first quarter of 2021, +18.9%)
− The increase is attributable to the positive operating performance which includes the gain from the partial sale of the equity investment in Ufinet, to the lower impact of non-controlling interests, to the positive effects deriving from net financial results and to the income of companies accounted for using the equity method

• Group net income at 1,430 million euros (1,176 million euros in the first quarter of 2021, +21.6%)

• Net financial debt: 59,130 million euros (51,952 million euros at the end of 2021, +13.8%)
− The increase is mainly due to investments in the period, the acquisition of ERG Hydro S.r.l. in Italy, the negative cash flow dynamics and the adverse exchange rate effect.

• Capital expenditure: 2,533 million euros (2,035 million euros in the first quarter of 2021, +24.5%)
− The increase is mainly attributable to the growth in capital expenditure in Enel Green Power, Infrastructure and Networks as well as in End-User Markets

"In the first quarter of 2022, the soundness of our business model enabled us to achieve solid results in line with expectations, minimizing risks arising from the difficult geopolitical and economic scenario, also with a view to protecting our stakeholders," stated Francesco Starace, CEO of the Enel Group. "Through the Group’s integration across the value chain, its geographical and technological diversification, as well as the acceleration of energy transition investments, we can consolidate the implementation of our Strategy in the short, medium and long term, confirming 2022 guidance on EBITDA and net ordinary income."