Maurizio Bezzeccheri, Enel Américas’ CEO indicated: “In this second quarter the impact of the pandemic on the Region’s economies has intensified. Both Enel Américas and the regulators of the countries, in which the company is present, implemented measures that have partially mitigated the effects of the crisis on the business.
In this quarter, distributed energy decreased by almost 12% compared to the second quarter of 2019, which has resulted in an EBITDA of 13.6% lower than the same period last year, not including the extraordinary effects, such as the exchange rate and COVID effects. In June, however, we began to see a slight improvement in energy demand. This trend will depend on the evolution of the effects of the pandemic. We project that the EBITDA estimates included in our strategic plan for the year 2020 will be affected by 17% to 22%. However, we confirm our projection of CAPEX, which will undoubtedly be a contribution to economic recovery. Enel Americas’ financial position allows us to handle the current situation and any short term needs that may arise.
During this period, we have also reinforced our contribution to the economic and social development of the communities, where we are present, to help them face the pandemic.”