Enel conducts business worth 500m euros

Electrica Dobrogea and Electrica Banat last year saw cumulated turnover worth some 500 million euros, 33% more than in 2004. “We are expecting financial statements for last year to show a volume of revenues standing at 450-500 million euros,” Fulvio Conti, CEO of Enel, the giant owning the two electricity carriers told ZIARUL FINANCIAR. This year, the growth pace of our business will go down to 3%,” Enel officials say. “We expect to see increasing demand in Romania, due to the economic growth and to a possibly complete energy market deregulation, starting July 1, 2006,” the Enel representative explained. Turnover reported by Electrica Banat and Electrica Dobrogea for the first months of last year revolved around 400 million euros, according to data provided by Enel. “During this time, the two carriers saw operating profit (EBITDA) worth 82 million euros. The net profit of the two companies stood at 30-40 million euros,” Conti added. He would not specify the profit created by the two carriers for the entire year 2005. ZF