Navigation and public searching of this website are subject to the Terms and Conditions below:
Guarantees, Responsibilities and Damages
- ENESA does not guarantee that the contents, instruments and materials contained, utilized and offered in this website are exactly up-to-date or complete and does not accept responsibility for damages caused by eventual errors of content or shortcomings of equipment.
- ENESA does not guarantee that the contents, instruments and materials contained, utilized and offered in this website are exactly up-to-date or complete and does not accept responsibility for damages caused by eventual errors of content or shortcomings of equipment.
- Under no circumstances, will ENESA, its directors, executive officers or employees be held responsible for any direct or indirect, special, incidental or consequential losses or expenses arising out of the connection with this website or use on its part or incapacity of use by anyone, or with regard to any shortcoming in performance, error, omission, interruption, defect or delay in operation or transmission, computer virus or breakdown of line or of the system, even if the Company or its representatives have been advised of the possibility of such damages, losses or expenses.
- The adequate provisioning of all the resources of the Internet, without exception, is the entire responsibility of the user of this website.
- ENESA does not accept responsibility for the contents of other websites (a) whose addresses are available on the pages of this website or (b) the address of whose website is available to them. The Company does not guarantee the compensation of any damage caused by the websites mentioned in this item
- With regard to the exchange of messages between the user and ENESA through the Internet, please consult its Privacy Policy.
- An investment in securities involves a high degree of risk. Please review the Company’s Risk Factors.
Confidential Nature of the User‘s Information
ENESA reserves the right to improve the functioning of this website because of the analysis and consolidating of the information and suggestions collected and of the opportunities of these for all of the users of the website. For further advice on the use of information collected at this website, please consult its Privacy Policy.
Author‘s Copyrights and Intellectual Property
Unless there is any regulation to the contrary, all the contents of the pages of this website, such as information, materials, tools, paging, graphs and drawings belong to ENESA or to third parties, who have legally ceded their rights of usage.
Comments on EBITDA
EBITDA is a non-accounting measure prepared by ENESA. EBITDA consists of net income (expenses) for the period, before income tax and social contribution, financial income (expenses) and depreciation and amortization expenses.
EBITDA is not a measure recognized under Brazilian GAAP, IRFS or U.S. GAAP. EBITDA does not have standardized meanings and the Company’s definitions of EBITDA may differ from those of other companies. EBITDA has limitations that may impair its use as a measure of profitability, since it does not reflect certain costs involved in doing business, such as financial expenses, taxes, depreciation, capital expenses and other related costs, any of which may have a significant effect on ENESA’s net income. ENESA uses EBITDA as a measure of its operational performance.
Note: Having accessed this website and some of its pages, the user will have automatically accepted all the Terms and Conditions here laid down. Therefore, please cease the navigation and public searching of the pages of this website in the event of your not agreeing with all of the above Terms and Conditions.