In 2024, the Enel Group recorded a solid performance, which reflects the ability to achieve objectives consistent with the Strategic Plan presented a year ago. For this reason the Group confirms the three strategic pillars over the period of Plan 2025-2027focusing on profitability, efficiency and sustainability.
“The managerial actions carried out over the last year have allowed us to achieve all the objectives communicated to the markets and to strengthen the financial solidity of the Group: we can thus open a new chapter of growth, which will create further value for shareholders and all our stakeholders ” he says Flavio CattaneoCEO of Enel, adding “between 2025 and 2027, we will focus on core activities and flexible capital allocation, increasing investments, mainly in regulated assets with predictable returns, which will at the same time favor an acceleration of the energy transition ”.
The pillars of the Plan
The first objective of the Plan presented by Enel focuses on profitability, flexibility and resilience, to create value through a selective capital allocation that optimizes the risk/return profile, while maintaining a flexible approach.
Second factor is efficiency and effectivenesswhich is achieved through continuous optimization of processes, activities and offering portfolio, strengthening cash generation and developing innovative solutions to increase the value of existing assets
Not least the financial and environmental sustainability, to maintain a solid structure, ensure the flexibility necessary for growth and face the challenges of climate change
The Plan’s investments
The total gross investments of the Group in the 2025-2027 Plan amount to approximately 43 billion eurosan increase of approximately 7 billion euros compared to the previous Plan. In particular, it is planned to allocate investments among the geographies where Enel is present, proportionally to its contribution to EBITDA, with approximately 75% in Europe and approximately 25% in Latin America and North America
In particular, Enel plans to allocate approximately 26 billion euros to the Networks (+40% compared to the previous Plan), of which approximately 78% in Italy and Spain, countries characterized by regulatory frameworks favorable to encouraging investments, and approximately 22% in Latin America.
About 12 billion euros will be invested in Renewablesthere, with an increase in capacity of approximately 12 GW, with an improved technological mix that includes over 70% of onshore wind and programmable technologies (hydroelectric and batteries), reaching a total of approximately 76 GW of capacity and increasing by more than 15% renewable production by 2027.
In the end, Investments of approximately 2.7 billion are planned for customers euros, of which approximately 85% in countries with an integrated presence, offering a portfolio of solutions bundled with energy, products and services.
Financial targets
In 2027, the Group’s ordinary EBITDA is expected to increase to a value between 24.1 and 24.5 billion of euros, while net profit the Group’s ordinary shares are expected to grow to a value between 7.1 and 7.5 billion of euros.
Visibility on Gruppo de’s financial resultsl 2024 allows us to propose to the next Enel Shareholders’ Meeting the distribution of a total dividend equal to 0.46 euros per share, higher than the minimum fixed dividend per share of 0.43 euros indicated in the previous Plan.
Over the period 2025-2027, the implementation of strategic actions is expected to result in visible and highly predictable returns; consequently, the dividend policy has been revised upwards with a new one Minimum annual fixed DPS of 0.46 euros and a potential further increase up to a payout of 70% on net profit ordinary of the Group
