Enel Green Power 2014 Core Earnings Meet Guidance
Photo courtesy of Enel Green Power
Italy's biggest renewable energy company Enel Green Power said on Wednesday its core earnings last year were 1.9 billion euros ($2 billion), in line with the company's guidance.
The group, controlled by Europe's No. 2 utility by installed capacity Enel, said its earnings before interest, tax, depreciation and amortisation (EBITDA) rose 5.6 percent compared to the previous year.
A Thomson Reuters I/B/E/S consensus pegged last year's EBITDA at 1.839 billion euros. The company had been guiding towards 1.9 billion euros.
Net debt at the end of December was 6 billion euros, up from 5.3 billion euros a year earlier.
Installed capacity at the end of December was 9,600 megawatts from 8,800 MW the previous year.
($1 = 0.8751 euros)
(Reporting by Stephen Jewkes; editing by Francesca Landini)
