Endesa earns more than US $ 1,200 million and exceeded its goal – Financial Journal

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The gain of Endesa in 2015 amounted to 1,086 million euros (US $ 1,202 million), ranking above expectations.

in the latest update of its strategic plan, in November last year, Endesa sets the target to reach at least EUR billion (US $ 1,107 million) profit in 2015. last year was the first full year of the new Endesa, one sees that the group completed the reorganization of its business, with the transfer, in 2014, its division Enel Latin America.

data for 2015 are therefore not comparable with those of 2014, when the group won nearly $ 3,698,000 to include part of the year’s Latin American business in the consolidated group, and the gain on the sale of these assets to Enel.

If the comparison between the two periods will be made in comparable terms, ie, taking into account only continuing operations, which reflect only the profit after tax of the business in Spain and Portugal, the increase in net income would have been 15.6%, higher which analysts anticipated.

the board of Endesa, at its meeting in December 2015, agreed to distribute to its shareholders a dividend of surplus for the year 2015 for a gross amount of 0.4 the payment per share, which represented a total payment of 424 million euros, and became effective last January 4, 2016.

the distribution of dividends to shareholders for the financial year 2015 will present the board of Endesa to the General Meeting, it shall be for a gross amount of 1.026 euros per share from the net profit of 2015, representing an increase of 35% compared to the ordinary dividend for the financial year 2014. Given the interim dividend, the final dividend would be equal to 0.626 euros per share, reported Endesa.

This means that the group will distribute all its profit to shareholders as dividends (payout 100%, as is marked as a target in the strategic plan).

revenue stood at 20.299 million euros in the year 2015 compared with the 21,512,000 euros earned in the year 2014 . The gross operating profit (EBITDA) was 3.039 million euros, 1.7% lower, by adding a new provision of 380 million euros for various projects optimization template.

A 31 December 2015, the net financial debt of Endesa was 4.323 million euros, representing a decrease of 1,097 million euros from the existing to December 31, 2014

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