Enel X

Operations

  

2019

2018

Change

Demand response (MW)

6,297

6,215

82

1.3%

Lighting points (no.)

2,424

2,467

(43)

-1.7%

Storage (MW)(1)

12

3

9

-

Charging points (no.)

79,565

48,967

30,598

62.5%

(1) Storage for the year pertaining to Enel X.

In 2019, the Group further developed the charging infrastructure for electric vehicles, particularly in Italy.

Performance

Millions of euro

   
 

2019

2018

Change

Revenue

1,130

1,006

124

12.3%

Gross operating margin

158

124

34

27.4%

Operating income

(98)

19

(117)

-

Capital expenditure

270

183

87

47.5%

The following tables shows a breakdown of performance by country in 2019.

Revenue

Millions of euro

   
 

2019

2018

Change

Italy

282

247

35

14.2%

Iberia

261

247

14

5.7%

Latin America

186

161

25

15.5%

- of which Argentina

4

-

4

-

- of which Brazil

17

15

2

13.3%

- of which Chile

81

70

11

15.7%

- of which Colombia

77

70

7

10.0%

- of which Peru

7

6

1

16.7%

North America

328

338

(10)

-3.0%

Europe and Euro-Mediterranean Affairs

35

7

28

-

Africa, Asia and Oceania

52

-

52

-

Other

66

50

16

32.0%

Eliminations and adjustments

(80)

(44)

(36)

-81.8%

Total

1,130

1,006

124

12.3%

Gross operating margin

Millions of euro

   
 

2019

2018

Change

Italy

13

31

(18)

-58.1%

Iberia

38

51

(13)

-25.5%

Latin America

64

56

8

14.3%

- of which Brazil

(1)

-

(1)

-

- of which Chile

26

19

7

36.8%

- of which Colombia

38

37

1

2.7%

- of which Peru

1

-

1

-

North America

80

3

77

-

Europe and Euro-Mediterranean Affairs

-

3

(3)

-

Africa, Asia and Oceania

(1)

(4)

3

75.0%

Other

(36)

(16)

(20)

-

Total

158

124

34

27.4%

The increase in gross operating margin came mainly in North America as a result of an adjustment to the amount paid for the purchase of eMotorWerks (€98 million) in application of certain clauses of the related contract. These effects were only partially offset by an increase in operating expenses connected with structural growth in Italy, Spain and Latin America.

       

Operating income

Millions of euro

   
 

2019

2018

Change

Italy

(45)

(9)

(36)

-

Iberia

(13)

37

(50)

-

Latin America

58

54

4

7.4%

- of which Brazil

(4)

(1)

(3)

-

- of which Chile

24

19

5

26.3%

- of which Colombia

37

36

1

2.8%

- of which Peru

1

-

1

-

North America

(50)

(31)

(19)

-61.3%

Europe and Euro-Mediterranean Affairs

(3)

2

(5)

-

Africa, Asia and Oceania

(5)

(8)

3

37.5%

Other

(40)

(26)

(14)

-53.8%

Total

(98)

19

(117)

-

In 2019, operating income decreased despite the improvement in the gross operating margin, essentially as a result of an increase of €151 million in depreciation, amortization and impairment losses. This mainly concerned the impairment of intangible assets (€83 million) in respect of obsolete technologies that are no longer in use.

Capital expenditure

Millions of euro

   
 

2019

2018

Change

Italy

52

54

(2)

-3.7%

Iberia

64

39

25

64.1%

Latin America

40

29

11

37.9%

North America

61

38

23

60.5%

Europe and Euro-Mediterranean Affairs

4

3

1

33.3%

Africa, Asia and Oceania

1

-

1

-

Other

48

20

28

-

Total

270

183

87

47.5%

Capital expenditure increased in Spain, the United States and Italy due to the purchase of new software licenses to support new business initiatives (demand response, charging systems, e-mobility, public lighting).