Results by business area for 2019 and 2018

Results for 2019 (1)

Millions of euro

Thermal Generation and Trading

Enel Green Power

Infrastructure and Networks

End-user Markets

Enel X

Services

Other, eliminations and adjustments

Total

Revenue and other income from third parties

30,519

7,360

20,092

19,482

967

1,901

6

80,327

Revenue and other income from transactions with other segments

1,532

373

1,697

13,062

163

80

(16,907)

-

Total revenue and other income

32,051

7,733

21,789

32,544

1,130

1,981

(16,901)

80,327

Net income/(expense) from commodity risk management

(676)

14

-

(71)

-

-

-

(733)

Gross operating margin

1,395

4,604

8,278

3,287

158

126

(144)

17,704

Depreciation, amortization, and impairment losses

4,889

1,328

3,001

1,124

256

201

27

10,826

Operating income

(3,494)

3,276

5,277

2,163

(98)

(75)

(171)

6,878

Capital expenditure

851

4,293(2)

3,905

449

270

134

45

9,947

(1) Segment revenue includes both revenue from third parties and revenue flows between the segments. An analogous approach was taken for other income and costs for the period.
(2) Does not include €4 million regarding units classified as “held for sale”.

 

Results for 2018 (1)(2)

Millions of euro

Thermal Generation and Trading

Enel Green Power

Infrastructure and Networks

End-user Markets

Enel X

Services

Other, eliminations and adjustments

Total

Revenue and other income from third parties

26,630

7,613

18,250

20,340

849

1,878

15

75,575

Revenue and other income from transactions with other segments

977

443

1,718

13,431

157

60

(16,786)

-

Total revenue and other income

27,607

8,056

19,968

33,771

1,006

1,938

(16,771)

75,575

Net income/(expense) from commodity risk management

640

(162)

-

(11)

-

65

-

532

Gross operating margin

1,117

4,608

7,539

3,079

124

85

(201)

16,351

Depreciation, amortization, and impairment losses

1,235

1,103

2,752

1,121

105

123

12

6,451

Operating income

(118)

3,505

4,787

1,958

19

(38)

(213)

9,900

Capital expenditure

839

2,784(3)

3,830

374

183

106

36

8,152

(1) Segment revenue includes both revenue from third parties and revenue flows between the segments. An analogous approach was taken for other income and costs for the period.
(2) The figures have been restated to ensure comparability with the results for 2019, which are reported using business areas as the primary reporting segment.
(3) Does not include €378 million regarding units classified as “held for sale”.

In addition to the above, the Group monitors performance by geographical area, classifying results by Region/Country. In the table below, gross operating margin is shown for the two periods under review with the goal of providing a view of performance not only by Business Line, but also by Region/ Country

MGross operating margin

Millions of euro

Thermal Generation and Trading

Enel Green Power

Infrastructure and Networks

End-user Markets

Enel X

Services

Other

Total

 

2019

2018

Change

2019

2018

Change

2019

2018

Change

2019

2018

Change

2019

2018

Change

2019

2018

Change

2019

2018

Change

2019

2018

Change

Italy

(14)

22

(36)

1,240

1,220

20

3,906

3,679

227

2,314

2,233

81

13

31

(18)

169

119

50

-

-

-

7,628

7,304

324

Iberia

590

425

165

358

361

(3)

2,025

1,965

60

715

676

39

38

51

(13)

66

80

(14)

-

-

-

3,792

3,558

234

Latin America

642

469

173

2,218

2,201

17

2,259

1,763

496

243

158

85

64

56

8

(123)

(104)

(19)

-

-

-

5,303

4,543

760

Argentina

165

142

23

51

46

5

271

173

98

2

(16)

18

-

-

-

(1)

(1)

-

-

-

-

488

344

144

Brazil

107

7

100

335

395

(60)

1,144

815

329

149

100

49

(1)

-

(1)

(49)

(42)

(7)

-

-

-

1,685

1,275

410

Chile

211

124

87

899

877

22

222

228

(6)

17

19

(2)

26

19

7

(72)

(61)

(11)

-

-

-

1,303

1,206

97

Colombia

14

51

(37)

620

544

76

399

364

35

60

42

18

38

37

1

-

-

-

-

-

-

1,131

1,038

93

Peru

145

145

-

162

156

6

223

183

40

15

13

2

1

-

1

(1)

-

(1)

-

-

-

545

497

48

Panama

-

-

-

112

113

(1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112

113

(1)

Other countries

-

-

-

39

70

(31)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

70

(31)

Europe and Euro-Mediterranean Affairs

209

233

(24)

112

115

(3)

107

152

(45)

15

12

3

-

3

(3)

5

1

4

-

-

-

448

516

(68)

Romania

(2)

-

(2)

75

62

13

107

152

(45)

15

12

3

6

3

3

5

1

4

-

-

-

206

230

(24)

Russia

209

233

(24)

(1)

(1)

-

-

-

-

-

-

-

(2)

-

(2)

-

-

-

-

-

-

206

232

(26)

Other countries

2

-

2

38

54

(16)

-

-

-

-

-

-

(4)

-

(4)

-

-

-

-

-

-

36

54

(18)

North America

(18)

(6)

(12)

737

538

199

-

-

-

-

-

-

80

3

77

-

-

-

-

-

-

799

535

264

United States and Canada

(16)

(6)

(10)

658

398

260

-

-

-

-

-

-

80

3

77

-

-

-

-

-

-

722

395

327

Mexico

(2)

-

(2)

79

140

(61)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

140

(63)

Africa, Asia and Oceania

-

-

-

62

58

4

-

-

-

-

-

-

(1)

(4)

3

-

-

-

-

-

-

61

54

7

South Africa

-

-

-

58

54

4

-

-

-

-

-

-

-

(4)

4

-

-

-

-

-

-

58

50

8

India

-

-

-

8

9

(1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

9

(1)

Other countries

-

-

-

(4)

(5)

1

-

-

-

-

-

-

(1)

-

(1)

-

-

-

-

-

-

(5)

(5)

-

Other

(14)

(26)

12

(123)

115

(238)

(19)

(20)

1

-

-

-

(36)

(16)

(20)

9

(11)

20

(144)

(201)

57

(327)

(159)

(168)

Total

1,395

1,117

278

4,604

4,608

(4)

8,278

7,539

739

3,287

3,079

208

158

124

34

126

85

41

(144)

(201)

57

17,704

16,351

1,353