ROME (dpa-AFX) - Italian utility Enel S.p.A. (ENLAY.PK, EN) Wednesday said it now expects recurring earnings before interest, tax, depreciation and amortisation or EBITDA, a key earnings metric, in 2015 to be about 15 billion euros, in 2016 to be about 14.7 billion euros and in 2017 to be about 15.5 billion euros.
In a 2016-2019 plan presented in March, Enel had expected recurring EBITDA of 15 billion euros in 2016 and 15.6 billion euros in 2017.
Further, the company continues to expect net ordinary income for 2015 to be around 3 billion euros, for 2016 to be around 3.1 billion euros and for 2017 to be around 3.4 billion euros.
Minimum earnings per share for 2015 would be 0.16 euro and for 2016 would be 0.18 euro.
The company further said it confirmed its dividend policy.
The company said its 2019 opex savings target increased by 30%.
Enel shares were trading at 4.09 euros, down 2.94 percent.
Copyright RTT News/dpa-AFX