Endesa owner plans to invest $8.9 billion in Spain and unveils $1.2 billion plan to cut costs globally

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Insidematrix Endesa, announced his plans this Wednesday To reduce expenses by 1,200 million by 2026, while announcing some 35.8 billion investment According to the new road map, 3.2% less than planned in the next three years between 2023 and 2025 2026Presented Milan. The bulk of its investments will focus on: six countries a place where it can “take advantage” of being an integrated company; one of these Spainthe place he plans to allocate around 8,950 million euros (This figure includes Portugal, but Portugal is not listed as a priority country).

Enel will also focus on the country of origin. ItalyWill invest 49% of the total Brazil, Chile and Colombiawith 19% and UNITED STATES OF AMERICA, with the remaining 7%. According to the company, these are all countries with “regulatory stability”; This is an important thing as he plans to allocate most of his money to his own investments. regulated business. Especially, half of the total investment It will be aimed to renew and disseminate. electrical networks (18.6 billion) to improve its “quality, durability and digitalization as well as new connections” in its market of origin, Italythe main target of the money (12.2 billion).

to the market liberalized will allocate the other half of the total amount. Specifically, approximately $12.1 billion will be allocated to installing more renewablebut focused on investing with a “more selective approach” onshore wind, solar and battery storageand repowering parks. Approximately 7.2 billion of this figure will be allocated to renewable energy sources in Europe, while the rest will be distributed between Latin America and the USA, with a target of 13.4 gigawatts (GW) of installation. And The remaining 3,000 million will go to improving customer operations to improve their package offers To build customer loyalty and achieve greater profitability.

Purpose Owner of 70% of Endesa Is that it? gross profit exploitation (EBITDA) The group will grow between 23,600 and 24,300 million Euros in 2026 and net gain It goes up to 7,100 and 7,300 million euros. The Italian company achieved an EBITDA of 16 billion 386 million euros and a net profit of 5 billion 391 million euros in 2022. Also, it confirms something minimum dividend 0.43 euro It is possible to increase up to 70% of the net ordinary profit for the period.

Enel plans to increase sales cash generation, In total, approximately €43.8 billion is expected to cover net investments and dividends.

The company is planning Reduce costs by 1,200 million euros in 2026Approximately 1,000 million euros of this will be due to “cost efficiencies” that will be achieved through changes in institutional processes, rationalize the organizationOptimize the combination between internationalization and subcontracting and the use of technologies adapted to the base country.” 200 million The remaining savings are expected to come from improvements. “adjusted business costs”.

In its new strategy, it reaffirms its intention to close all coal power plants by 2027 (in Spain these plants are already closed or in production), but does not make any reference to entire plants. gas. Before the energy crisis, the Italian company announced that all its thermal power plants would be closed by 2040. “The Group confirms its aim to achieve this goal Zero emissions by 2040” he just says.

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