Eni's Strong Showing in 2018 Reflects Improved Operations
Eni reported adjusted net profits of EUR 1.46 billion in the fourth quarter and EUR 4.6 billion for the full year, increases of 55% and 93%, respectively, compared with the comparable 2017 periods. Net operating profit amounted to EUR 10 billion and organic free cash flow rose to EUR 6.5 billion. The latter allowed Eni to cover the EUR 3 billion dividend and reduce net debt from EUR 10.9 billion in 2017 to EUR 8.3 billion in 2018, reducing leverage from 23% to 16% over the same period, and incre...
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