Terna's first half is to be envied: 274,5 million profit, improving the result of the same period last year by 4,1%. Revenues close to one billion, 950,4 million euros – +3,4% compared to January – June 2013. The excellent results are linked to the activities of consolidating revenues from the Tamini group, of engineering, construction and maintenance of third-party plants.
Matteo Del Fante, Terna's new CEO, says he is enthusiastic about having obtained good results in a still unfavorable economic situation both in Italy and in Europe. "Investing in infrastructure creates development and employment and saves the electricity system, with important results also from an economic point of view" said Del Fante, adding that "the priority will be to create value for shareholders and contribute to the growth of the country".
The focus of the company for the next six months will be on scouting and developing new opportunities both in Europe and on the national territory. "The group will be committed to implementing the provisions of the 2014-2018 strategic plan approved by the board of directors on 25 March 2014" continued the CEO.
Among the activities in the August-December period, it is worth noting the negotiation of construction agreements for the Italy-France interconnection and repeating the consolidation, established in this half-year, with the Tamini activities. Finally, the Terna group is evaluating the option of participating in the privatization of the Greek Tso, on sale from the second quarter of 2014.
Del Fante concludes that the Terna group aims to "fully exploit a historical Italian industrial reality, recognized as an excellence in the electricity sector in Italy and abroad".
