The accounting season continues with Terna which closed the first six months of 2019 with growing revenues and profits.
In detail, the turnover rose by 3,3% to 1,0978 billion euros, thanks to the increase “in revenues from regulated Italy which reflects the adjustment of the rate of return on invested capital (WACC) for the period 2019-2021 and the increase of the revenues of the Internazionale mainly due to the effects of the initiatives in Brazil, which have come into operation”, explains the company in a note.
+3,8% for the gross operating margin, which stood at 846,2 million euros, while theebit recorded an increase of 1,8% to 557,5 million euro.
THEgroup net income, is equal to 366,6 million, an increase of 6,4 million euro compared to 360,2 million in the first half of 2018 (+1,8%).
Su net financial debt which reaches 8,2935 billion from 7,8994 as at 31 December 2018. The investments for the period amounted to 396,3 million (+17,3%) from 337,9 million in the first half of 2018.
“The first half results confirm the solidity of the managerial actions undertaken, with profitability and investments significantly accelerating, in support of the decarbonisation process already started by the country. The increase in profitability, the maintenance of satisfactory levels of efficiency and the greater investments allow us to look with confidence at the pursuit of the objectives indicated in the Strategic Plan which combine growth and the generation of value for our shareholders", declared Luigi Ferraris, CEO of the company.
At Piazza Affari, Terna's stock dropped 1,24%, prey to the weakness affecting European shares today. The stock exchanges are all in the red, with the Ftse Mib losing more than 2% just over an hour after the closing.
