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Enel SpA to Propose FY 2012 Dividend; Issues FY 2013 EBITDA In-Line With Analysts' Estimates; Issues FY 2013 Net Income Guidance, FY 2015 Guidance Below Analysts' Estimates; Issues FY 2017 Guidance


Wednesday, 13 Mar 2013 02:47am EDT 

Enel SpA announced that the Board of Directors will propose to the Shareholders’ Meeting the distribution for fiscal year 2012 of a dividend of EUR 0.15 per share. The total dividend for fiscal year 2012 is therefore equal to approximately EUR 1,411 million, based on consolidated net ordinary income (i.e. generated by Enel’s core business) of approximately EUR 3,455 million, in line with the dividend policy approved by the Board of Directors on March 7, 2012, providing for a pay-out of at least 40% of consolidated net ordinary income. The Board has proposed June 24, 2013 as the ex-dividend date and June 27, 2013 as the distribution date. Enel SpA also announced that it has issued the Company's EBITDA and net income guidance for fiscal year 2013, 2015 and 2017. For fiscal year 2013 the Company expects to report EBITDA of approximately EUR 16 billion and net income of approximately EUR 3 billion, for fiscal year 2015 EBITDA of approximately EUR 16.0 billion and net income of approximately EUR 3.3 billion and for fiscal year 2017 EBITDA between EUR 17 billion and EUR 18 billion and net income between EUR 4 billion and EUR 5 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for fiscal year 2013 EBITDA of EUR 16,221.55 million and net income of EUR 3,258.78 million, for fiscal year 2015 EBITDA of EUR 17,166.95 million and net income of EUR 3,832.52 million.