Enel Group Presents 2017-2019 Enhanced Strategic Plan, Focused on Digitisation And Customers

Published on Tuesday, 22 November 2016

Financial Targets 2016 2017 2018 2019 CAGR (%)
Ordinary EBITDA (€bn) ῀15,0 ῀15,5 ῀16,2 ῀17,2 ῀+5%
Net ordinary income (€bn) ῀3,2 ῀3,6 ῀4,1 ῀4,7 ῀+14%
Minimum dividend per share (€) 0,18 0,21 - - ῀+22%
Pay-out ratio 55% 65% 70% 70% +15 p. p.
FFO/Net Debt 25% 26% 27% 30% ῀+5 p. p.

“Since we first presented our transformational strategic plan at the beginning of 2015, we followed up with an accelerated update this time last year. Our business has outperformed on the targets we had set, so we are now in a position to take our strategy to the next level a year early. Enel is a more focused, efficient and profitable organisation, as the sustainable business model we built is bearing fruit with increasing momentum. In today’s update to the strategy, we are adding digitisation and customer focus as levers to drive further value creation across our strategic pillars. This will support enhanced earnings and cash generation, as a result of which we are increasing our dividend and introducing the possibility of a share buyback programme while maintaining our strong growth trajectory”

– Francesco Starace, CEO and General Manager of Enel