Results for 2017 (1)

Millions of euro Italia Iberia Sud
America
Europa e
Nord America
Nord e
Centro
America
Sub-Saharan
Africa and
Asia
Other,
eliminations
and
adjustments
Totale
Revenue from third parties 37,900 19,940 13,126 2,374 1,185 96 18 74,639
Revenue from transactions with other segments 881 54 28 37 2 - (1,002) -
Total revenue 38,781 19,994 13,154 2,411 1,187 96 (984) 74,639
Net income/(expense) from commodity contracts measured at fair value 537 13 26 - 2 - - 578
Gross operating margin 6,863 3,573 4,204 543 759 57 (346) 15,653
Depreciation, amortization and impairment losses 2,393 1,731 1,234 237 206 42 18 5,861
Operating income 4,470 1,842 2,970 306 553 15 (364) 9,792
Capital expenditure 1,812 1,105 3,002 307 (2) 1,802 (3) 30 72 8,130

(1) Segment revenue include both revenue from third parties and revenue flows between the segments. An analogous approach was taken for other income and costs for the year.
(2) Does not include €44 million regarding units classified as “held for sale”.
(3) Does not include €325 million regarding units classified as “held for sale”.

Results for 2016 (1)

Millions of euroItalyIberiaSouth AmericaEurope and North AfricaNorth and Central AmericaSub-Saharan
Africa and
Asia
Other,
eliminations
and
adjustments
Total
Revenue from third parties 36,091 18,831 10,739 3,618 1,122 29 162 70,592
Revenue from transactions with other segments 954 122 29 180 3 - (1,288) -
Total revenue 37,045 18,953 10,768 3,798 1,125 29 (1,126) 70,592
Net income/(expense) from commodity contracts measured at fair value (266) 131 9 (6) (1) - - (133)
Gross operating margin 6,618 3,562 3,556 762 833 14 (69) 15,276
Depreciation, amortization and impairment losses 2,348 1,796 1,393 476 268 19 55 6,355
Operating income 4,270 1,766 2,163 286 565 (5) (124) 8,921
Capital expenditure 1,894 (2) 1,147 3,069 265 (3) 1,832 304 41 8,552

(1) Segment revenue include both revenue from third parties and revenue flows between the segments. An analogous approach was taken for other income and costs for the year.
(2) Does not include €7 million regarding units classified as “held for sale”.
(3) Does not include €283 million regarding units classified as “held for sale”.

In addition to the foregoing, the Group monitors performance at the Global Division level, classifying results by Business Line. The following table presents the gross operating margin for the two periods under review, offering visibility of performance not only from a Region/Country perspective but also by Division/Business Line.

Local businesses
Millions of euroEnd-user marketsServicesGeneration and Trading
 20172016Change20172016Change20172016Change
Italy 2,007 1,932 75 96 105 (9) 239 (70)                   309
Iberia 467 677 -210 38 (95) 133 783 812                   (29)
South America - -       - (87) (107)          20 687 737                   (50)
Argentina - -  - (1) - (1) 116 98                    18 
Brazil - -  - (39) (36)        (3) 119 73                     46
Chile - -  - (47) (71) 24 281 389                (108)
Colombia - -  - - -                 - 43 51                    (8)
Peru - -  - - -  - 128 126                       2
Altri Paesi - -  - - -  - - -                     
Europe and North Africa (42) 25              (67) 5 1 4 269 373                (104) 
Romania (42) 30             (72) 2 1 1 2 (1)                       3
Russia - -  - 3 -                      3 267 186                    81
Slovakia - -  - - - - - 191                (191) 
Other countries - (5)  5 - -                        - - (3)             
North and Central America 8 -  8 - - - - -  -
United States and Canada 8 -    8 - - - - -      -
Mexico - -  - - - - - -     -
Panama - -  - - - - - -    -
Other countries - -  - - - - - -        -
Sub-Saharan Africa and Asia - -  - - - - - -      -
South Africa - -  - - - - - -     -
India - -  - - - - - -     -
Other countries - -  - - - - -  -
Other - - - (1) 1 (15) (2)  (13)
Total 2,440 2,634 (194) 52 (97) 149 1,963 1,850 113 

Global Divisions
Infrastructure and NetworksRenewable EnergyOther  Total
20172016Change20172016Change20172016Change20172016Change
3,467 3,620 (153) 1,054 1,031 23 - - - 6,863 6,618 245
2,086 1,817 269 199 351 (152) - - - 3,573 3,562 11
1,687 1,429 258 1,917 1,497 420 - - - 4,204 3,556 648
140 155 (15) 32 23 9 - - - 287 276 11
644 433 211 284 199 85 - - - 1,008 669 339
237 252 (15) 888 634 254 - - - 1,359 1,204 155
461 398 63 557 531 26 - - - 1,061 980 81
205 191 14 147 102 45 - - - 480 419 61
- - - 9 8 1 - - - 9 8 1
166 225 (59) 145 138 7 - - - 543 762 (219)
166 225 (59) 104 84 20 - - - 232 339 (107)
- - - - - - - - - 270 186 84
- - - - - - - - - - 191 (191)
- - - 41 54 (13) - - - 41 46 (5)
- - - 751 833 (82) - - - 759 833 (74)
- - - 400 587 (187) - - - 408 587 (179)
- - - 98 95 3 - - - 98 95 3
- - - 101 93 8 - - - 101 93 8
- - - 152 58 94 - - - 152 58 94
- - - 57 14 43 - - - 57 14 43
- - - 53 4 49 - - - 53 4 49
- - - 8 10 (2) - - - 8 10 (2)
- - - (4) - (4) - - - (4) - (4)
(28) (13) (15) (76) (50) (26) (227) (3) (224) (346) (69) (277)
7,378 7,078 300 4,047 3,814 233 (227) (3) (224) 15,653 15,276 377