Earnings release
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enel PRESS RELEASE ● ● Global News Media T +39 06 8305 5699 ufficiostampa@enel.com gnm@enel.com enel.com ENEL ACCELERATES GROWTH IN FIRST HALF 2021 , CAPEX UP 16.3 % AND ANNUAL TARGETS CONFIRMED ● Investor Relations ● T +39 06 8305 7975 investor.relations@enel.com enel.com Revenues : 29,853 million euros ( 33,375 million euros in the first half of 2020 , -10.6 % ) the change is mainly attributable to Thermal Generation and Trading activities , due to lower trading activities in Italy and to the negative exchange rate effect in Latin America . These reductions were only partially offset by the increase of revenues recorded for Enel Green Power , End - User Markets driven by higher volumes of energy sold , and Enel X activities . ● EBITDA : 7,719 million euros ( 8,645 million euros in the first half of 2020 , -10.7 % ) Ordinary EBITDA : 8,360 million euros ( 8,794 million euros in the first half of 2020 , -4.9 % ) the decrease is essentially due to the impacts recognized in the first half of 2020 following the change in the energy discount benefit in Spain , mainly in Infrastructure and Networks as well as in Thermal Generation and Trading , in addition to the adverse exchange rate effect in Latin America . These effects are only partially offset by better margins in the End - User Markets , in Enel X and , in Thermal Generation and Trading , from the recognition of the indemnification related to the CO2emission rights , assigned for free in Spain by the PNA¹ . ● EBIT : 4,371 million euros ( 4,543 million euros in the first half of 2020 , -3.8 % ) the change mainly reflects the performance of operations , partially offset by lower depreciation , amortization and impairment recorded in the first half of 2021 , which were impacted by write - downs , made in previous financial years , of certain coal - fired plants as part of the decarbonization process undertaken by the Group and by lower provisions for bad debts . Group net ordinary income : 2,299 million euros ( 2,405 million euros in the first half of 2020 , - 4.4 % ) the change in ordinary operating income was partially offset by lower net financial expense and a reduction in non - controlling interests Group net income : 1,778 million euros ( 1,947 million euros in the first half of 2020 , -8.7 % ) 1 Plan Nacional de Asignación de Derechos de Emisión ( in English , National Emission Allowance Allocation Plan ) . 1 Enel SpA - Registered Office : 00198 Rome - Italy - Viale Regina Margherita 137 - Companies Register of Rome and Tax I.D. 00811720580 - R.E.A. 756032 - VAT Code 15844561009 - Stock Capital Euro 10,166,679,946 fully paid - in .