Terna closes the half-year with profits growing and exceeding expectations and all management indicators in progress. Positive numbers that push the CEO Luigi Ferraris to “confirm the solidity of the managerial actions undertaken and to continue decisively along the path traced by the 2018-2022 Strategic Plan. He is also proceeding on schedule with the investment program which, thanks to the initiatives implemented also for the coming months, will help create value for all our stakeholders ”.
All the main economic and financial indicators of the Group are on the increase. Revenues for the first six months of 2018 amount to just over one billion euros and mark an increase of 34,8 million euros, equal to +3,3% compared to the same period of the previous year. The consolidated balance sheet as at 30 June 2018 monitors group shareholders' equity up to €3.842 million, compared to the €3.803,3 million recorded as at 31 December 2017. Net financial debt, on the other hand, stands at 7,8 billion euros, compared to 7,7 billion euros at the end of 2017.
Ebitda in the period amounted to 814,9 million euros, up by 20,1 million euros, i.e. +2,5%, compared to 794,8 million euros in the first half of 2017. Also Ebit , following depreciation and write-downs of 267,4 million euro, settling at 547,5 million euro, increased by +2,5% on the previous year.
The group's net profit for the period grew in tendential terms by the same percentage points, +2,5%, and stood at 360,2 million euro.
The total investments promoted by Terna from January to June amounted to 337,9 million euros, an increase of 3,7% compared to 325,7 million in the first half of the previous year and in line with the Strategic Plan - approved by the board of directors on 22 March – for the four-year period 2018-2022. In fact, among the main projects in the plan and which Terna intends to carry out, we recall: increasing environmental sustainability, the progress of construction sites for the Italy-Montenegro electricity interconnections e Italy-France and the works for the construction of the submarine connection in the Venetian Lagoon. The entry into operation, in the definitive set-up of the, is also foreseen new 380 kV line “Foggia-Benevento” which is part of the interventions aimed at facilitating the connection of renewable energy sources located mainly in Southern Italy.
At the end of June 2018, the group employees numbered 4.073, up by 176 units compared to 31 December 2017 and in compliance with the objectives of the generational turnover program launched in 2017 and with the policy of strengthening core skills in line with the new Strategic Plan.
