MILAN (Reuters) -Italy’s biggest utility Enel on Thursday improved its guidance on full-year net income after reporting nine-month earnings marginally above market expectations.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) excluding extraordinary items came in at 17.26 billion euros ($20 billion) in the period, compared to an average analyst estimate of 17.17 billion euros pooled by Reuters.
The group’s ordinary net income was 5.7 billion euros, also slightly above an analyst expectation of 5.67 billion euros, thanks to growth at foreign subsidiaries including Spain’s Endesa.
($1 = 0.8575 euros)
(Reporting by Francesca Landini, editing by Alvise Armellini)
