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CEO Maurizio Bezzeccheri of Enel Américas S.A. (ENIA) announced on the second quarter earnings call that guidance for EBITDA will drop by somewhere in the region of 20% this fiscal year. This means the updated dollar-denominated figure is approximately $3.8 billion. The reasons for the meaningful drop in guidance are the negative impacts of COVID-19 on the firm's business and the significant devaluation of the Brazilian real, the Argentinian peso, the Colombian peso as well as the Peruvian sol against the US dollar.
The pandemic and the devaluation in the second quarter were, for the