Results for 2018 (1)
Milions of Euro | Italy | Iberia | South America | Europe and EuroMediterranean Affairs | North and Central America | Africa, Asia e Oceania | Other, eliminations and adjustments | Total |
---|---|---|---|---|---|---|---|---|
Revenue from third parties | 37,411 | 19,413 | 14,687 | 2,349 | 1,438 | 100 | 274 | 75,672 |
Revenue from transactions with other segments | 987 | 79 | 55 | 12 | - | 1 | (1,134) | - |
Total revenue | 38,398 | 19,492 | 14,742 | 2,361 | 1,438 | 101 | (860) | 75,672 |
Net income/(expense) from commodity contracts measured at fair value | 410 | 64 | 2 | (1) | 8 | - | - | 483 |
Gross operating margin | 7,304 | 3,558 | 4,370 | 516 | 708 | 54 | (159) | 16,351 |
Depreciation, amortization, and impairment losses | 2,806 | 1,834 | 1,394 | 96 | 254 | 44 | 23 | 6,451 |
Operating income | 4,498 | 1,724 | 2,976 | 420 | 454 | 10 | (182) | 9,900 |
Capital expenditure | 2,479 (2) | 1,433 | 2,246 | 390 | 1,373 (3) | 142 | 89 | 8,152 |
(1) Segment revenue include both revenue from third parties and revenue flows between the segments. An analogous approach was taken for other income and costs for the year
(2) Does not include €3 million regarding units classified as “held for sale”
(3) Does not include €375 million regarding units classified as “held for sale”
Risultats for 2017 (1)
Milions of Euro | Italy | Iberia | South America | Europe and EuroMediterranean Affairs | North and Central America | Africa, Asia e Oceania | Other, eliminations and adjustments | Total |
---|---|---|---|---|---|---|---|---|
Revenue from third parties | 37.900 | 19.940 | 13.126 | 2.374 | 1.185 | 96 | 18 | 74.639 |
Revenue from transactions with other segments | 881 | 54 | 28 | 37 | 2 | - | (1.002) | - |
Total revenue | 38.781 | 19.994 | 13.154 | 2.411 | 1.187 | 96 | (984) | 74.639 |
Net income/(expense) from commodity contracts measured at fair value | 537 | 13 | 26 | - | 2 | - | - | 578 |
Gross operating margin | 6.863 | 3.573 | 4.204 | 543 | 759 | 57 | (346) | 15.653 |
Depreciation, amortization and impairment losses | 2.393 | 1.731 | 1.234 | 237 | 206 | 42 | 18 | 5.861 |
Operating income | 4.470 | 1.842 | 2.970 | 306 | 553 | 15 | (364) | 9.792 |
Capital expenditure | 1.812 | 1.105 | 3.002 | 307(2) | 1.802 (3) | 30 | 72 | 8.130 |
(1) Segment revenue include both revenue from third parties and revenue flows between the segments. An analogous approach was taken for other income and costs for the year.
(2) Does not include €44 million regarding units classified as “held for sale”
(3) Does not include €325 million regarding units classified as “held for sale”
In addition to the foregoing, the Group monitors performance at the Global Business Line level, classifying results by Business Line.
The following table presents the gross operating margin for the two periods under review, offering visibility of performance not only from a Region/ Country perspective but also by Business Line.
Gross operating margin
Local businesses | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Milions of Euro | End-user markets | Services | Thermal Generation and Trading | Infrastructure and Networks | ||||||||
2018 | 2017 | 2018/17 | 2018 | 2017 | 2018/17 | 2018 | 2017 | 2018/17 | 2018 | 2017 | 2018/17 | |
Italy | 2,233 | 2,007 | 226 | 119 | 96 | 23 | 22 | 239 | (217) | 3,679 | 3,467 | 212 |
Iberia | 676 | 467 | 209 | 80 | 38 | 42 | 425 | 783 | (358) | 1965 | 2,086 | (121) |
South America | - | - | - | (104) | (87) | (17) | 469 | 687 | (218) | 1,921 | 1,687 | 234 |
Argentina | - | - | - | (1) | (1) | - | 142 | 116 | 26 | 157 | 140 | 17 |
Brazil | - | - | - | (42) | (39) | (3) | 7 | 119 | (112) | 915 | 644 | 271 |
Chile | - | - | - | (61) | (47) | (14) | 124 | 281 | (157) | 247 | 237 | 10 |
Colombia | - | - | - | - | - | - | 51 | 43 | 8 | 406 | 461 | (55) |
Peru | - | - | - | - | - | - | 145 | 128 | 17 | 196 | 205 | (9) |
Other countries | - | - | - | - | - | - | - | - | - | - | - | - |
Europe and EuroMediterranean Affairs | 12 | (42) | 54 | 1 | 5 | (4) | 233 | 269 | (36) | 152 | 166 | (14) |
Romania | 12 | (42) | 54 | 1 | 2 | (1) | - | 2 | (2) | 152 | 166 | (14) |
Russia | - | - | - | - | 3 | (3) | 233 | 267 | (34) | - | - | - |
Slovakia | - | - | - | - | - | - | - | - | - | - | - | - |
Other countries | - | - | - | - | - | - | - | - | - | - | - | - |
North and Central America | - | 8 | (8) | - | - | - | (6) | - | (6) | - | - | - |
United States and Canada | - | 8 | (8) | - | - | - | (6) | - | (6) | - | - | - |
Mexico | - | - | - | - | - | - | - | - | - | - | - | - |
Panama | - | - | - | - | - | - | - | - | - | - | - | - |
Other countries | - | - | - | - | - | - | - | - | - | - | - | - |
Africa, Asia e Oceania | - | - | - | - | - | - | - | - | - | - | - | - |
South Africa | - | - | - | - | - | - | - | - | - | - | - | - |
India | - | - | - | - | - | - | - | - | - | - | - | - |
Other countries | - | - | - | - | - | - | - | - | - | - | - | - |
Others | - | - | - | (11) | - | (11) | (26) | (15) | (11) | (20) | (28) | 8 |
Total | 2,921 | 2,440 | 481 | 85 | 52 | 33 | 1,117 | 1,963 | (846) | 7,697 | 7,378 | 319 |