A 2020 obviously conditioned by Covid, but despite this positive also from a financial point of view, thanks above all to an acceleration in the fourth and last quarter of the year. The accounts of Terna, the company that manages the national electricity grid, speak of revenues increased by 9,5% to 2,5 billion; of EBITDA +5,1% to 1,83 billion; of the group net profit at 785,5 million (+3,7%); the dividend which grows by 8% and which will be offered at 26,95 euros per share; and investments up by almost 7%, to 1,35 billion, in line with the new one Strategic Plan which forecasts almost 9 billion in total between now and 2025.
Terna's consolidated balance sheet records group shareholders' equity of 4,369 billion euros, compared to 4.190,3 million euros as at 31 December 2019. To finance the important acceleration of investments to support the country's growth and recovery , L'net financial debt at 31 December 2020 amounted to 9.172,6 million euros, compared to 8.258,6 million euros at the end of 2019. Terna's employees, at the end of 2020, amounted to 4.735, up by 445 units compared to 31 December 2019. This increase it is attributable to the policy of strengthening skills and the development of the Non-Regulated business, with the entry of new resources following the acquisition of Brugg Kabel AG, carried out on 29 February.
“We are proud of how Terna's people worked with competence and passion during a complex year like 2020 – commented the CEO Stefano Donnarumma – to ensure the availability of an essential good for the community such as electricity at all times: guaranteeing the safety of their work has been our priority. In fact, all the actions implemented by the company, especially starting from the second half of the year, have produced results that could have seemed unimaginable last June, both in terms of resilience regarding the effects of the health emergency from Covid-19, and it concerns investments, which have even exceeded the already ambitious targets set before the pandemic”.
"And it is precisely thanks to the work of Terna's men and women - concluded the manager - that we will be able to achieve the challenging objectives of the ecological transition that Italy has set itself and the achievement of which we will give our contribution as directors of the national energy system”.
