MILAN, May 8 (Reuters) - Italy’s biggest utility Enel said on Friday its core earnings in the first three months rose 0.8 percent as a strong performance in its Latin America and renewables businesses offset weak Italian power generation.
Enel said in a statement its earnings before interest, tax, depreciation and amortisation were 4.023 billion euros ($4.5 billion), above a Thomson Reuters consensus of 3.872 billion euros.
It said results in the first quarter were in line with “the trend expected for the whole of 2015”.
Enel, one of Europe’s most indebted utilities, said its net debt at the end of March rose to 39.514 billion euros from 37.383 billion euros at the end of December, partly due to exchange rate effects. ($1 = 0.8919 euros) (Reporting by Stephen Jewkes; editing by Danilo Masoni)