Brilliant day for Is in the at FTSEMib. At 2.42 pm the title it gained 3.53% to 6.738 euros, after fluctuating between a minimum of 6.52 euros and a maximum of 6.75 euros. Volumes were high: at the same time, over 50 million shares had changed hands.
The electricity giant has communicated the financial results for the 1st quarter of 2024, a period which saw a decline in revenues and a strong improvement in profitability; debt is increasing. Enel’s management confirmed the financial targets for the 2024 financial year. Furthermore, Enel announced that the subsidiary Enel Peru has completed the sale of the entire shareholdings held in Enel Generación Perù and Compañía Energética Veracruz to Niagara Energy. The consideration for the operation is approximately 1.3 billion dollars (approximately 1.2 billion euros). The operation generated a reduction in the group’s consolidated net debt of approximately 1.2 billion euros in 2024, which is added to the approximately 400 million euros recognized in 2023.
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