Enel’s earnings in Romania halved in Q1 2019

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Enel’s earnings in Romania halved in Q1 2019

Italian energy group Enel registered a much lower profit in Romania in the first quarter of this year as halved operational income halved to EUR 22 million, despite higher revenues.

The quarterly report released by the group shows that revenues rose by 20 percent to EUR 357 million year-on-year in Q1 2019.

Enel Romania is one of the largest electricity distributors in the eastern European country, with operations in electricity distribution and supply, and in the energy production from renewable sources with a installed capacity of 534 MW.

Enel has around 3 million customers in Romania and owns 3 out of the 8 major regional distribution companies in southern Wallachia (including Bucharest), Banat and Dobrogea, covering a third of the local distribution market.

The post Enel’s earnings in Romania halved in Q1 2019 appeared first on Business Review.

Enel’s earnings in Romania halved in Q1 2019

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