ROME, March 19 (Reuters) – The board of Enel yesterday approved the budget for 2014 closed with a net profit of 517 million euro (-84%) , due to asset impairment for more than 6 billion, and a net profit of 2.994 billion ordinary (-4%). You read a note from the electricity group, in which it announced a new policy of dividend from 2015 and a 2014 dividend of 0.14 euro per share. Today at 10 the results will be presented to the financial community with the new business plan from 2015 to 2019. The update of the strategic lines announcing a new policy with a dividend pay-out to 50% in 2015, then + 5% per annum up to 65% in 2018. The leaders of the electricity group also provide, if they should be centered targets indicated in the guidance, a minimum dividend of 0.16 euro per share in 2015, and 0.18 in 2016. According to the CEO Francesco Starace were “centered financial targets despite the difficult macroeconomic environment of 2014″. A situation that has forced the devaluation of assets for 6.427 billion, of which 2.8 billion for Slovenske Elektrarne and 2.108 for conventional power plants in Italy. The net debt at the end of 2014 stopped at 37.383 billion (-5.9%), slightly above the target of 37 billion. The plan is hatched a future trend stable but increases efficiency: the ordinary net income is shown in about 3 billion in 2015 to 3.1 billion in 2016 and 3.4 billion in 2017. It is expected a cut of 8% in nominal terms of operating costs and investment in maintenance. More …
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