Enel has set a new market cap record, exceeding 90 billion euro in value, confirming its position as the foremost company in the Italian market and the leading player in the utilities sector in Europe, the company announced.
The record was made possible by the success of the sustainable and integrated business model, first adopted in 2015, which has allowed the Group to leverage on the opportunities related to the energy transition.
At the end of November, Enel announced total investments of 190 billion euros by 2030, aimed mainly at the process of decarbonization and electrification of consumption.
“After a decade of major transformations, the Group places at the heart of its strategy the acceleration of the energy transition, along with sustainable and profitable development to create shared value with all stakeholders and attractive returns for shareholders. EBITDA from current activities at Group level is estimated to rise with a Compounded Annual Growth Rate (CAGR) of 5%, while the net profit from current activities is expected to rise with a CAGR rate of 6% – 7% between 2020 and 2030.”
The group expects to mobilize investments of 190 billion euros in the period 2021-2030, stimulating decarbonization, electrification of consumption, as well as platform business activities to create sustainable value shared between all stakeholders and medium and long term profitability.