Investor Presentaiton
Profit & loss (€mn)
1Q 2020
1Q 2019
▲ yoy
Ordinary EBITDA
4,741
4,454
+6%
D&A
(1,607)
(1,567)
+3%
EBIT
3,134
2,887
+9%
Financial expenses¹
(618)
(647)
-4%
Results from equity investments
14
(63)
n.m.
EBT
2,530
2,177
+16%
Income taxes
(809)
(624)
+30%
Minorities
(440)
(394)
+11%
Group net ordinary income²
1,281
1,159
+11%
enel
D&A slightly increase due to investments growth,
partially offset by coal impairments effects
Lower cost of debt by around 20 bps
vs year end 2019
Higher taxes mainly due to higher EBT and
positive deferred tax asset in 2019
1.
Includes other financial expenses (-70 €mn in Q1 2019, -73 €mn in Q1 2020)
2.
Excludes extraordinary items in Q1 2019 (+97 €mn disposals Mercure plant) and in Q1 2020 (-34 €mn: -3 €mn write-down of Funac in Brazil, -17 €mn Slovenske investment impairment, -22 €mn
donations and other cost due to COVID-19, +8 €mn reversal impairment on coal plants in Iberia)
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