May 6, 2020 / 3:52 PM / 20 days ago

Enel Q1 suffers no major coronavirus impact to beat expectations

MILAN, May 6 (Reuters) - Italy’s biggest utility Enel said on Wednesday it did not suffer any significant impact from the COVID-19 emergency in the first three months as core earnings rose to beat forecasts.

In a statement Enel said its ordinary core income in the period was up 6.4% at 4.741 billion euros ($5.1 billion), driven by its green energy, retail and grids business.

It said it was constantly monitoring the COVID-19 crisis to better estimate potential impacts on the group and mitigate them through contingency and action plans. ($1 = 0.9262 euros) (Reporting by Stephen Jewkes; editing by Agnieszka Flak)

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