Enagás’ net profit climbs 17.2% to €254.9Mn in 9M10

26 October 2010

Enagás reported net profit of €254.9Mn for the first nine months of 2010, year-on-year growth of 17.2%.

EBIT rose 13.8% year-on-year to €406.3Mn, up from €357Mn in 9M09.
EBITDA, meanwhile, totalled €588.1Mn, 14.1% higher than the year-earlier figure of €515.5Mn.

This earnings growth has been driven mainly by the Company’s ongoing hard work to bring down operating and finance costs.

These earnings were also shaped by the 12.4% increase in regulated revenue, thanks to momentum at the assets brought on stream in 2009 and 2010.

The Company’s nine-month earnings performance implies that Enagás will deliver on guidance for 2010; its financial targets were drawn up using conservative estimates in light of the prevailing economic and financial climate.

Enagás invested €559.1Mn in the first nine months of 2010. This figure is in line with the Company’s goal of investing €700Mn for the full year.


Link copied