Endesa Q1’17 results

Endesa- Enel strategy plan

Endesa posts weak Q1 results, with net profit down 26%

Endesa registered net profit of 253 million euros in the first quarter of 2017, down 26% from a year earlier, due to the impact of the “high” prices of electricity in the wholesale market. Its dividend yield is still attractive at 5.7%, while the share price has also been supported by rumours of a corporate deal.