Enel Profit Boosted by Good Performance in Americas, Spain

The workshop for geothermal maintenance services at the Enel geothermal power site in Larderello, Italy.

Photographer: Clara Vannucci/Bloomberg

Enel SpA’s first-quarter profit beat expectations thanks largely to its good performance in Latin America and Spain.

Italy’s biggest utility reported adjusted net income of €2 billion ($2.25 billion) for the period, above the average €1.93 billion of analysts’ estimates compiled by Bloomberg.