The Italian In it It should allocate around half of its total investments to its country of origin, which represents 50% of its profitability, said its CEO, Flavio Cattaneo, in his first public appearance since his appointment as head of the group.
Cattaneo also stated that Enel would focus on those foreign markets where it has an integrated business model.
“Italy still represents 50% of our margin and has not always had 50% of the investments, so there should be a focus on our part, (…) at least proportional to the margin that (our country of origin) gives us. contributes as a group“, said Cattaneo.
The CEO, who succeeded Francesco Starace In May, it said it would present an updated business plan for the energy group on November 20.
“In it It will continue to be an international group. It couldn’t be any other way, because the investments made abroad are also enormous.”he said at the business conference ComoLakein northern Italy.
The state-controlled group said last November that it would focus on Italy, Spain, the United States, Brazil, Chile and Colombia as its main markets.
“We will try to be present where we can be integrated, where we have everything from (energy) generation to distribution, because being integrated allows us to take less risks in our investments.“he added Cattaneo.
The senior executive also said that In it was in conversations with groups of “leasing”, or rent-to-own, to offer Italian customers lower monthly installments to rent electric cars, in order to help accelerate the development of green mobility in Italy.
Source: Gestion
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