BAKU, Azerbaijan, February 28. Enilive’s Q4 2024 financial performance was significantly impacted by weaker biofuel margins, reflecting a broader trend of oversupply in the European HVO market and lower Renewable Identification Numbers (RIN) prices in North America, Trend reports.
The company’s proforma adjusted EBIT fell 42% year-on-year to 53 million euros in Q4, as lower margins on biofuels pressured overall profitability.
However, this decline was partly mitigated by strong performance in retail marketing activities, where Enilive’s advanced service station network played a key role.
For the full year, proforma adjusted EBIT declined by 27% to 539 million euros, compared to 738 million euros in 2023.
Similarly, proforma adjusted EBITDA fell 16% to 852 million euros, reflecting the ongoing pricing challenges in the biofuels segment.