ESOCF - Enel SpA (ENLAY) Q1 2024 Earnings Call Transcript
2024-05-09 15:08:05 ET
Enel SpA (ENLAY)
Q1 2024 Earnings Conference Call
May 9, 2024, 12:00 PM ET
Company Participants
Monica Girardi - Investor Relations
Stefano De Angelis - Chief Financial Officer
Conference Call Participants
Presentation
Operator
Good day and thank you for standing by. Welcome to the Enel First Quarter 2024 Results Conference Call. At this time all participants are in listen-only mode.
And now I would like to hand the conference over to our first speaker today, Monica Girardi. Please go ahead.
Monica Girardi
Thank you. Good evening to all of the people connected. Welcome to our first quarter 2024 results presentation which will be hosted by Enel CFO, Stefano De Angelis. Following the presentation, we will have the usual Q&A session. We ask those connected to the webcast to send questions only via email at investor.relations@enel.com. Before we start let me remind you that media is listening to both the presentation and the Q&A session.
Thank you. And let me now hand over to the CFO.
Stefano De Angelis
Thank you, Monica, and good evening, everybody. Let’s start with the highlights of the period. The year kicked off with a strong performance with EBITDA up double-digit compared to last year and reaching €6.1 billion while net income increased by a sound 45%. These remarkable results were driven by a solid delivery across all businesses and geographies as I will detail later in my presentation.
FFO is robust and accounts for €4.4 billion with an EBITDA conversion at around 70% supporting the positive evolution of credit metrics already observed in the second half of last year....
Enel SpA (ENLAY) Q1 2024 Earnings Call Transcript