Lima, 25 August 2016 – Net results in first semester 2016 amounted to 261 million soles, an increase of 23 million soles in comparison with the first semester 2015.
“The financial results of the first semester 2016 show the company’s good performance, mainly due to the increase of customers despite the challenging scenario of strong competition and margin reduction. This year, the company is focusing on keeping organic growth and efficiency”, said Carlos Temboury, Chairman of Enel Generación Perú’s Board of Directors.
Back in the Black
- EBITDA: 492 million soles (450 million soles in the first semester 2015, +9.3 %) – Increase based on a better contribution margin
- Net results: 291 million soles (238 million soles in the first semester 2015, +9.6 %) – Improvement based on EBITDA’s good performance
- Net debt: 496 million soles (657 million in the first semester 2015, -24.5 %) – Reduction based on paid financial obligations
This growth is mainly attributed to the increase in energy sales as a consequence of new contracts signed with free customers and distribution companies, even if competition in the sector has reduced contract margins.
The solid financial and operational position of Enel Generación Perú allowed the net debt, which amounted to 496 million soles in the first semester 2016, to be reduced by 161 million soles.
Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014