Lima, July 21st, 2017 – Today, the Board of Directors of Enel Distribución Perú S.A.A, chaired by Carlos Temboury, approved the financial and operational results for the first half of 2017.
“Despite the downward trend of prices on the free market in the first half of 2017, we were able to achieve an EBITDA largely in line with the same period of last year, thanks to our strong commercial strategy which allowed us to expand our customer base”, stated Carlos Temboury, Enel’s Country Manager in Peru.
MAIN FINANCIAL RESULTS (in million of Soles, PEN)
|
I semester 2017 |
I semester 2016 |
Variation |
REVENUES |
1,459 |
1,513 |
-3.6% |
EBITDA |
377 |
380 |
-0.7% |
NET INCOME |
172 |
184 |
-6.4% |
NET DEBT |
1,410 |
1,254 |
+12.4% |
CAPEX |
170 |
189 |
-10.3%
|
· REVENUES: decreased by 3.6% due to lower sales in the regulated market as a result of commercial and industrial clients moving to the free market, where lower average prices registered in the period due to oversupply in the sector also affected revenues.
· EBITDA: slightly decreased due to lower energy margins as a result of the above mentioned decrease in revenues.
· NET INCOME: down by 6.4% due to a 9% increase in amortizations, mainly related to the investments for the period, as well as to the slight decrease in EBITDA.
· NET DEBT: increased by 12.4% mainly to finance investment plan, while keeping leverage in line with previous years.
· CAPEX: amounted to PEN 170 million, and was mainly focused on meeting customer demand by broadening and reinforcing the company’s networks, with the aim to ensure safety and quality of service.
MAIN OPERATIONAL RESULTS
|
I semester 2017 |
I semester 2016 |
Variation |
Energy Distribution (GWh) |
4,057 |
3,927 |
3.3% |
Clients (thousands) |
1,385 |
1,352 |
2.5% |
· Energy Distribution: the volume of energy distributed grew by 3.3% compared to the same period of last year, mainly as a result of a 54.6% increase in free market clients, which includes regulated customers who moved to the free market.
· Clients: increased by 2.5% as a result of new connections.
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