Revenues amounted to 84.9 billion euros, a 6.8% increase compared with 79.5 billion euros posted in 2011. The growth is mostly due to higher revenues from the sale and transport of electricity, from the trading of fuels and from the sale of gas to end users.
EBITDA totalled 16.7 billion euros, a decrease of 5.1% from the 17.6 billion euros reported in 2011. This decrease is essentially due to the reduction of margins on domestic generation and change in perimeter consolidation resulting from the disposals made during the two period compared. These effects are partially offset by the good performance recorded in Sales, Renewable Energy and International divisions.
Net financial debt at the end of 2012 was 42.9 billion euros, down by around 1.7 billion euros compared with the 44.6 billion euros reported at the end of 2011. This reduction mainly reflects the impact of ordinary business activities and divestments that more than offset capex spending, dividends, interests and taxes.
Employees at the end of 2012 numbered73,702 (75,360 at the end of 2011).
Commenting on the figures, Enel's CEO and General Manager Fulvio Conti stated: “Also in 2012, the Enel Group achieved the EBITDA and net financial debt targets as
announced to the market, despite a particularly unfavourable macroeconomic and regulatory environment. We expect this economic cycle to continue throughout 2013, mainly in Italy and Spain.”
In 2012, the Enel Group generated a total of 295.8 TWh of electricity (293.9 TWh in2011), distributed 413.9 TWh over its networks (419.5 TWh in 2011) and sold 316.8 TWh (311.8 TWh in 2011).
In particular, in 2012, the Enel Group generated outside Italy 221.3 TWh of electricity (214.9 TWh in 2011), distributed 175.7 TWh (173.1 TWh in 2011) and sold 214.5 TWh (207.6 TWh in 2011).
