Il Terna's board of directors today approved the accounts for the first nine months of 2015 which closed with a net profit of 454,9 million, up 8,9%. This was reported in a note from the company that manages the high voltage grid, which also says that the payment of an advance of the 2015 dividend of 7 cents per share.
Ebitda as at 30 September was 1,16 billion, up by 2,3%. Revenues for the first three quarters instead they amounted to 1,52 billion (+4,8%). Theoperating cash flow rises to 890,4 million euros (849 million euros in the first nine months of 2014) elThe net financial debt as at 30 September stood at 6.560,8 million euros, down on the 6.965,8 million euros as at 31 December 2014.
“The first nine months of the year confirm the growth of the group”. As Matthew Del Fante, Terna's chief executive officer, commented on the results for the first nine months. According to Del Fante, the data "testify that it is possible to reconcile the commitment to an increasingly efficient, interconnected network capable of generating benefits for the country, with economic and financial results that guarantee solidity and sustainability of shareholder remuneration over time" .
Del Fante also intervened in the negotiation for the purchase of the electricity network of the State Railways. "We are negotiating with Ferrovie and we are far ahead, we will conclude within the year", said the manager after recalling the Authority's recent decision on the 8.000 kilometers of FS high voltage network. The Authority for electricity, gas and the water system has in fact set the value of the asset that the government has decided should become part of the national transport network at 674 million. Railways had estimated the asset at 970 million. The negotiation will close in a few weeks, Terna and FS are only negotiating the final price.
At the beginning of the afternoon, the share of Terna in MY BAG travels just above parity at 4,656 euros per share.
