In the first nine months of 2011 Terna recorded revenues of 1.214,6 million, marking an increase of 3,8% compared to the same period of 2010. Ebitda also grew to 939,3 million (+5,6%) and Ebit at 650,3 million (+3,2%).
The dividend for 2011 provides for an 8 cent down payment, in line with last year. Adjusted group net profit rose by 6,3% to €396 million, while net profit from continuing operations stood at €220,2 million (-41%) due to the effects, a note explains, deriving from the Robix Tax. Net income, thanks to the result from discontinued operations, amounted to 315,1 million (-15,4%).
“The data for the nine months – commented the CEO Flavio Cattaneo – highlight the management efficiency of the group which, combined with the contributions of non-traditional activities, allows us to be able to propose a dividend in line with last year, despite the heavy effects of the Robin Tax on our accounts”.
The company then explains that the increase in revenues is mainly due to the higher fee for the use of the network (equal to +60,7 million), partially offset by the lower revenues for plant engineering services in favor of third parties (-8 million euros) and the higher one-off income recognized in the same period of 2010 (-11,2 million)
