After the difficulties experienced last year due to the Covid-19 pandemic, 2021 seems to have officially become the year of redemption for utilities. Within hours of each other Terna, Acea and Hera published the results for the first nine months, closed in all three cases with sharply rising economic-financial parameters. The Stock Exchange applauds and the sub-fund index celebrates with a rise of 0,8%.
THE NINE MONTHS OF TERNA
The company that manages the national electricity grid archived the first 9 months of 2021 with revenues equal to 1,901 billion euros, an increase of 6,8% compared to the same period of 2020 thanks above all to the increase in revenues from regulated activities "which reflects the greater contribution of the activities of the Tamini group and the Brugg group, as well as the Energy Solutions”, highlights the company.
also grows theebitda, which stands at 1,373 billion, while theNet income it rises to 580,4 million euros, marking an increase of 2% compared to the January-September period last year. On the'ebit which, after amortization and depreciation of 491,4 million, stands at 882,5 million (+2%).
The push continues investments, with the group deploying over 2021 million resources in the first nine months of 925, with an increase of 23,5% compared to the same period of 2020, which had also already marked an increase of 11,9% compared to 2019.
Taking into consideration the only third quarter revenues rose by 7,6% to 45,4 million and Ebitda increased by 3,6% to 463,4 million.
The results also show a steady recovery of power consumptions Italians who, from January to September, increased by 6,2% compared to the previous year, underlined Terna.
In terms of assets, the company registers a net assets amounted to 4,639 billion euro, slightly up on the 4.369,8 million euro as at 31 December 2020. Lnet financial debt is at 9,573 billion, up by 400 million compared to the end of 2020.
By virtue of the results obtained, the company's board has given the green light to the distribution of a interim dividend ordinary shares for the 2021 financial year equal to 9,82 cents per share, up by 8% compared to the previous year.
"Starting from May of last year, we decided to give Terna's activities an important change of pace, aware of our fundamental role as directors of the energy transition and driving force for the country's economic recovery", he comments Stefano Donnarumma, CEO of Terna. “For the sixth consecutive quarter we have therefore made investments in acceleration and we are more than ever concentrated on the realization of the projects envisaged in our Business Plan, which proceed expeditiously according to the pre-established times and are essential for allowing our country to achieve the objectives of decarbonisation”.
At Piazza Affari, the Terna stock gains 1,27% to 6,718 euros.
THE NINE MONTHS OF HERA
Hera closed the first 9 months of the year with revenues up 31% to 6,42 billion, a gross operating margin of 883,3 million (+9,6%) e a net profit for shareholders up 32,3% to 308,4 million.
Lnet financial debt is equal to 3,3 billion with a net debt/EBITDA of 2,75 times, while the quota has been surpassed by 3,4 million customers in the energy sectors.
“The results of the first nine months of the year show growth not only compared to 2020, but also compared to 2019 results, i.e. before the impacts of the pandemic that hit the country, - reports a note - and are above the same expectations of the business plan to 2024: in less than two years, the multi-utility has achieved more than half of the growth expected in the five-year period of floor".
Returning to the accounts, in the 9 months the operational investments they amount to 377,2 million, up 13% compared to the same period of the previous year. “Investments were primarily intended for plants, networks and infrastructures, as well as regulatory adjustments in the purification and sewage fields and the mass installation of new generation gas meters”, Hera specifies in a note.
THE NINE MONTHS OF ACEA
Strong growth in profits and revenues for Acea in the first 9 months of 2021. The subsidiary from Rome has filed its accounts as at 30 September with revenues equal to 2,766 billion euros, up by 12% compared to the same period of 2020.
Up 8% to 930 million a yearebitda, a result to which the water area contributes above all – which at 30 September recorded an ebitda of 489,6 million euros (+6,8%) – and energy infrastructures, whose ebitda stood at 274,5 million euros (+1,4%). “82% of EBITDA derives from regulated activities”, underlines the company in a note.
Moving forward with the data, theebit stands at 460 million euros, up by 8% compared to the first 9 months of 2020. Double-digit increase (+13,6%) for theNet income of the group, which rises to 248,6 million euros, while investments reach 684 million euros (+9%). The net financial charges decreased by 5,2 million to 62,8 million euros, lnet financial debt on the other hand, it rose from 3,528 to 3,998 billion euros.
The company confirmed the estimates for 2021, which forecasts an increase in EBITDA of more than 8%, investments of approximately 900 million and net financial debt of between 3,85 and 3,95 billion.
At Piazza Affari, the Acea title it rose by 1,22% to 19,16 euros per share.
