Enel: details strategic plan for 2021-2023
(CercleFinance.com) - On Tuesday morning Enel published details of its 2021-2023 strategic plan, which includes capex of 40 billion euros, 90% of which will be in line with the United Nations' sustainable development objectives.
This capex exceeds its previous plan by 36%, Enel said.
The main focus will be on renewable energies, with 17 billion euros invested, leading to an overall consolidated installed renewable capacity of 60 GW by 2023 (+ 33% compared to 2020).
The result of these investments will show double-digit growth for all businesses over the period of the three-year plan, Enel continues. Managed renewable capacity is expected to reach around 8 GW in 2023, more than double that of 2020.
At the group level, ordinary EBITDA is expected to be 20.7-21.3 billion euros in 2023, representing an annual growth rate of 5% to 6%. Net ordinary profit is expected to be 6.5-6.7 billion euros in 2023, representing an annual growth rate of 8% to 10%.
Shareholders will receive a guaranteed fixed dividend per share ("DPS") increasing over the next three years with a target of 0.43 euro per share in 2023, resulting in an annual growth rate of approximately 7%.
The group plans to mobilise investments of 190 billion euros over the period 2021-2030, stimulating decarbonation, electrification of consumption and platforms to create sustainable shared value for all stakeholders and medium- and long-term profitability.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
This capex exceeds its previous plan by 36%, Enel said.
The main focus will be on renewable energies, with 17 billion euros invested, leading to an overall consolidated installed renewable capacity of 60 GW by 2023 (+ 33% compared to 2020).
The result of these investments will show double-digit growth for all businesses over the period of the three-year plan, Enel continues. Managed renewable capacity is expected to reach around 8 GW in 2023, more than double that of 2020.
At the group level, ordinary EBITDA is expected to be 20.7-21.3 billion euros in 2023, representing an annual growth rate of 5% to 6%. Net ordinary profit is expected to be 6.5-6.7 billion euros in 2023, representing an annual growth rate of 8% to 10%.
Shareholders will receive a guaranteed fixed dividend per share ("DPS") increasing over the next three years with a target of 0.43 euro per share in 2023, resulting in an annual growth rate of approximately 7%.
The group plans to mobilise investments of 190 billion euros over the period 2021-2030, stimulating decarbonation, electrification of consumption and platforms to create sustainable shared value for all stakeholders and medium- and long-term profitability.
Copyright (c) 2020 CercleFinance.com. All rights reserved.