Financial data

Interactive graphs (data at 31.12)

Data series:

Years:

  2019 reported 2018 reported 2019 adjusted 2018 adjusted 2017 restated 2016 2015
Revenues 1,022 1,024 1,022 1,027 1,048 1,025 944
EBITDA  496 480 504 491 472 455 350
EBIT  190 206 205 216 220 202 179
Profit 33 133 105 133 108 125 24
of which attributable to the owners of the parent 32 133 104 133 108 122 21

Adjusted economic indicators do not include special items and related applicable theoretical taxes
Reported economic indicators are calculated on the basis of the values indicated in the Notes to the Consolidated Financial Statements and include special items and related applicable theoretical taxes. In 2018, in accordance with IFRS 5, the results of the company Brockaghboy Windfarm Ltd. were posted in profit (loss) from discontinued operations
  2019 reported 2018 reported 2019 adjusted 2018 adjusted 2017 restated 2016 2015
Net invested capital(3) 3,340 3,172 3,264 3,172 3,110 3,286 3,124
Shareholders' Equity 1,786 1,829 1,787 1,829 1,877 1,729 1,676
Total net financial indebtedness(3) 1,554 1,343 1,476 1,343 1,233 1,557 1,448
of which non-recourse Project Financing(4) 812 1,178 812 1,178 1,115 1,276 1,285
Financial leverage 47% 42% 45% 42% 40% 47% 46%
EBITDA Margin 49% 47% 49% 48% 45% 44% 37%

(3) adjusted net financial indebtedness and the adjusted net invested capital are represented net of the effects deriving from the application of IFRS 16, therefore excluding the recognition of assets and the discounting of future payments of lease payments of approximately EUR 78 million on net financial indebtedness and on net invested capital at 31 December 2019 (EUR 77 million)
(4) including cash and cash equivalents and excluding the fair value of the derivatives hedging interest rates
 
    2019 2018 2017 2016 2015
Installed capacity at period end - wind farms MW 1,929 1,822 1,814 1,720 1,506
Electric power generation from wind farms millions of KWh 4,000 3,464 3,613 3,501 2,614
Installed capacity - thermoelectric plants MW 480 480 480 480 480
Electric power generation from thermoelectric plants millions of KWh 2,504 2,151 2,453 2,693 2,632
Installed capacity - hydroelectric plants MW 527 527 527 527 527
Electric power generation from hydroelectric plants millions of KWh 1,229 1,740 1,144 1,358 84
Installed capacity - solar plants MW 141 90 n.a. n.a. n.a.
Electric power generation from solar plants millions of KWh 226 130 n.a. n.a. n.a.
Total sale of electric power millions of KWh 15,121 13,627 11,747 12,303 10,113
Capital Expenditures (5) millions of EUR 432 510 54 60 106
Employees at period end units 754 737 714 715 666

(5) in property, plant and equipment and intangible assets. They also include M&A investments of EUR 364 million made in 2019 for the acquisition of two photovoltaic plants from Soles Montalto GmbH with a total installed capacity of 51.4 MW (EUR 220 million), for the acquisitions of companies owning wind farms in France and Germany (respectively, EUR 52 million and EUR 84 million), of a pipeline in Germany (EUR 2 million) and of a project for the construction of a wind farm in the United Kingdom (EUR 6 million). In 2018 M&A investments were equal to EUR 449 million in relation to the acquisition of the companies of the ForVei (Solare) Group and for the acquisitions of companies owning wind farms in France, Germany and United Kingdom
    2019 2018 2017 2016 2015
Wind Italy Euro/MWh 118.1 124.9 144.5 147.1 147.8
Wind Germany Euro/MWh 95.9  94.5 96.4 92.6 96.1
Wind France Euro/MWh 89.3  87.4 88.4 88.7 90.4
Wind Poland Euro/MWh 73.3  63.5 45.1 33.4 37.1
Wind Bulgaria Euro/MWh 78.7  74.8 64.0 84.0 80.3
Wind Romania Euro/MWh 67.0  58.2 58.1 28.7 29.5
Wind UK Euro/MWh n.a. 100.4 n.a. n.a. n.a.
Solar Euro/MWh 313.9 293.5 n.a. n.a. n.a.
Hydroelectric Euro/MWh 102.1 106.6 110.3 n.a. n.a.
Thermoelectric Euro/MWh 39.9  41.4 45.5 n.a. n.a.

Net unit revenue is expressed in EUR/MWh and is calculated by dividing the technology output by the revenue achieved on energy markets, inclusive of the impact of hedges, of any incentives due and the relative variable costs associated to generation/sale including, for example, the cost of fuel and imbalance costs

  2019 2018 2017  2016 2015
Wind 414 389 445 423 345
Solar 71 38 n.a. n.a. n.a.
Hydroelectric 119 194 137 122 11
Thermoelectric(1) 418 405 464 479 592
Corporate 37 36 38 32 22
Intra segment revenues (37) (36) (37) (31) (25)
Total adjusted revenues 1,022 1,027 1,048 1,025 944

(1) includes residual contribution of smaller portfolios managed by Energy Management not attributable to individual businesses

  2019 2018 2017  2016 2015
Wind 301 274 316 308 254
Solar 63 32 n.a. n.a. n.a.
Hydroelectric 87 146 94 84 8
Thermoelectric(1) 69 53 78 77 107
Corporate (16) (15) (16) (13) (19)
EBITDA 504 491 472 455 350

(1) includes residual contribution of smaller portfolios managed by Energy Management not attributable to individual businesses

  2019 2018 2017  2016 2015
Wind (169) (159) (160) (163) (137)
Solar (41) (24) n.a. n.a. n.a.
Hydroelectric (57) (58) (58) (58) (5)
Thermoelectric(1) (28) (31) (31) (30) (30)
Corporate (3) (3) (3) (3) (3)
Recurring amortisation and depreciation  (299) (275) (252) (254) (168)

(1) includes residual contribution of smaller portfolios managed by Energy Management not attributable to individual businesses

  2019 2018 2017 2016 2015
Wind 132 115 156 145 120
Solar 22 8 n.a. n.a. n.a.
Hydroelectric 30 88 35 26 3
Thermoelectric(1) 41 22 48 47 78
Corporate (19) (18) (19) (16) (22)
 EBIT 205 216 220 202 179

(1) includes residual contribution of smaller portfolios managed by Energy Management not attributable to individual businesses

  2019 2018 2017  2016 2015
Wind 189 146 75 44 95
Solar 221 345 n.a. n.a. n.a.
Hydroelectric 6 7 6 4 n.a.
Thermoelectric 15 8 10 10 9
Corporate 2 3 3 3 2
Total Capital Expenditures 432 510 94 60 106

includes investments in property, plant and equipment and intangible assets through Merger & Acquisition operations


Annual statistics and financial data
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