For the report in full please click here and for the previous summary then visit Enel annual report 2016 and to get a better feeling for Enel then please take a look at analysis of Enel 2016.
In the financial statement below you can see that Enel is doing very well! Yes, their revenue did decrease slightly to 70 billion € but due to cost control they managed to get a decent earning out of 2.6 billion euro! The European energy market is very well connected. How can a company in Italy make significant profits while a German company makes significant losses? I would blame it all on the incompetent CEO.
Conclusion: Enel is doing an excellent job and each year they seem to increase their profits. I am very pleased with this investment and the only thing that saddens me is that I made such a small investment in Enel from the beginning.
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