The document provides consolidated results for 9M13 (January-September 2013):
- Revenues increased 7.9% year-over-year to €1,401 million, driven by a 9.4% increase in grid fees. EBITDA rose 10.1% to €1,133 million.
- Total capex was €758 million, up 1.5% year-over-year. Three storage sites are fully authorized and under construction.
- Net income increased 15.8% to €412 million. Net debt rose to €6,340 million due to capex spending partially offset by cash from operations.
- The interim dividend for 2013 was set at €
The document provides consolidated financial results for 9M15 (January to September 2015). Key highlights include total revenues increasing 4.8% to €1,517 million driven by growth in both regulated and non-regulated activities. EBITDA was up 2.3% to €1,161 million and group net income increased 8.9% to €455 million. Total capex for 9M15 was €702 million, up 8% year-over-year. Net debt stood at €6,561 million as of September 30, 2015.
Terna reported its consolidated results for the first half of 2015. Revenues increased 5.5% to €1,002 million driven by growth in regulated transmission activities. Net profit was up 13.1% to €310 million due to cost control and lower taxes. Capex totaled €439 million, focusing on development projects to support grid infrastructure. Net debt was €6,876 million and key financial metrics were in line with targets.
- The document provides consolidated results for 9M16 for an energy company. It includes sections on 9M16 results, strategic updates, and next catalysts.
- Key highlights from 9M16 results include total revenues of €1,551 million, a 2.3% increase over 9M15. EBITDA was €1,176 million and group net income was €487 million, up 1.3% and 7% respectively versus 9M15.
- The strategic update section outlines initiatives regarding grid integration, corporate simplification, and efficiency improvements.
- Terna reported its consolidated financial results for fiscal year 2015, with total revenues increasing 4.3% to €2,082 million driven by growth in both regulated and non-regulated activities. EBITDA rose 3.2% to €1,539 million.
- Key highlights included record electricity demand of 315 TWh and a peak demand of 59.4 GW. Renewable energy sources accounted for 40% of total generation.
- Total capex was €1,103 million, with €834 million spent on network development and €201 million on maintenance. Net debt increased to €8,003 million due to acquisitions and dividend payments.
FY2013 and 2014-2018 Strategic Plan (March 25, 2014)Terna SpA
The document is an analyst presentation providing an overview of a company's FY13 results and 2014-2018 strategic plan. Some key highlights:
- FY13 revenues increased 5% to €1,896 million driven by a 7.4% increase in other activities revenues. EBITDA increased 6.5% to €1,481 million.
- The 2014-2018 strategic plan confirms a "dual strategy" focusing on both traditional regulated activities and new non-traditional opportunities. Key targets include cumulative capex of €3.6 billion and a blended return of 7.7% by 2018.
- Storage projects and international interconnections represent over €400 million in non-traditional activity deals already
The document provides consolidated results for 9M13 (January-September 2013):
- Revenues increased 7.9% year-over-year to €1,401 million, driven by a 9.4% increase in grid fees. EBITDA rose 10.1% to €1,133 million.
- Total capex was €758 million, up 1.5% year-over-year. Three storage sites are fully authorized and under construction.
- Net income increased 15.8% to €412 million. Net debt rose to €6,340 million due to capex spending partially offset by cash from operations.
- The interim dividend for 2013 was set at €
The document provides consolidated financial results for 9M15 (January to September 2015). Key highlights include total revenues increasing 4.8% to €1,517 million driven by growth in both regulated and non-regulated activities. EBITDA was up 2.3% to €1,161 million and group net income increased 8.9% to €455 million. Total capex for 9M15 was €702 million, up 8% year-over-year. Net debt stood at €6,561 million as of September 30, 2015.
Terna reported its consolidated results for the first half of 2015. Revenues increased 5.5% to €1,002 million driven by growth in regulated transmission activities. Net profit was up 13.1% to €310 million due to cost control and lower taxes. Capex totaled €439 million, focusing on development projects to support grid infrastructure. Net debt was €6,876 million and key financial metrics were in line with targets.
- The document provides consolidated results for 9M16 for an energy company. It includes sections on 9M16 results, strategic updates, and next catalysts.
- Key highlights from 9M16 results include total revenues of €1,551 million, a 2.3% increase over 9M15. EBITDA was €1,176 million and group net income was €487 million, up 1.3% and 7% respectively versus 9M15.
- The strategic update section outlines initiatives regarding grid integration, corporate simplification, and efficiency improvements.
- Terna reported its consolidated financial results for fiscal year 2015, with total revenues increasing 4.3% to €2,082 million driven by growth in both regulated and non-regulated activities. EBITDA rose 3.2% to €1,539 million.
- Key highlights included record electricity demand of 315 TWh and a peak demand of 59.4 GW. Renewable energy sources accounted for 40% of total generation.
- Total capex was €1,103 million, with €834 million spent on network development and €201 million on maintenance. Net debt increased to €8,003 million due to acquisitions and dividend payments.
FY2013 and 2014-2018 Strategic Plan (March 25, 2014)Terna SpA
The document is an analyst presentation providing an overview of a company's FY13 results and 2014-2018 strategic plan. Some key highlights:
- FY13 revenues increased 5% to €1,896 million driven by a 7.4% increase in other activities revenues. EBITDA increased 6.5% to €1,481 million.
- The 2014-2018 strategic plan confirms a "dual strategy" focusing on both traditional regulated activities and new non-traditional opportunities. Key targets include cumulative capex of €3.6 billion and a blended return of 7.7% by 2018.
- Storage projects and international interconnections represent over €400 million in non-traditional activity deals already
This document provides a summary of Terna S.p.A.'s consolidated results for the first quarter of 2016. Key highlights include revenues of €517 million, an increase of 0.8% compared to the first quarter of 2015. EBITDA was €395 million and Group Net Income was €162 million. Total capex for the quarter was €158 million, an 11% decrease year-over-year. Net debt was €7,687 million as of March 31, 2016, down from €8,003 million at the end of 2015. Presenters Matteo Del Fante and Pierpaolo Cristofori provided additional details on financial and operating metrics.
This document provides an overview and strategic plan for Terna from 2016-2019. It summarizes that Terna will invest 2.6 billion euros in regulated domestic infrastructure projects over this period. It also aims to strengthen its low risk profile through stable regulated revenues while pursuing limited international expansion and other non-regulated opportunities with capital allocation of up to 200 million euros and an EBITDA target of 240 million euros from these efforts. Financial targets include maintaining solid financial ratios and reducing net debt starting in 2018/2019 while providing sustainable dividend growth.
La missione dell’energia: Terna per il progetto Kami in BoliviaTerna SpA
Una centrale idroelettrica non basta per tradurre in realtà il progetto di Padre Serafino: serve una linea che trasmetta l’energia elettrica.
È qui che fa la differenza l’intervento di due dipendenti di Terna, Giampiero Fantini e Adriano Selva (tecnici del GOL, Gruppo Operativo Linee di Novara) che già da tempo partecipano come volontari al progetto. Giampiero e Adriano studiano il territorio e disegnano una linea di 37 km da realizzare a 4.000 metri di altezza, partendo da 2.650 metri per arrivare a quota 4.200.
I due appassionati dipendenti di Terna chiedono e ottengono il supporto della loro azienda. La coerenza con il core business e la valorizzazione delle competenze tecniche specifiche di Terna fanno di Kami un progetto di sostenibilità ideale.
Maggio 2011
FY2014 and 2015-2019 Strategic Plan (26 marzo 2015)Terna SpA
Terna presented its 2015-2019 strategic plan focused on free cash flow generation to drive sustainable shareholder returns. Key elements include capex discipline with €3.2 billion planned, optimization of non-regulated activities like interconnectors and services to contribute €1.4 billion in revenues, and opex savings of €30 million annually by 2019. The plan aims to reduce net debt starting in 2017/2018 and maintain a dividend of €0.20 per share in 2015 as a basis for future dividends.
Terna 2017>2021 Enabling Energy TransitionTerna SpA
Terna presented its investment plan to enable Italy's energy transition over the period 2017-2021. Key points include:
- Total capex of €4 billion to support renewable energy integration and grid reinforcements, 30% higher than the previous plan.
- RAB expected to grow 2% annually to €15.6 billion by 2021 to accommodate new investments.
- Revenue guidance of €2.25 billion for 2017, up 7% over 2016. EBITDA guidance of €1.58 billion for 2017, up 3% over 2016.
- EPS CAGR target of 3% through 2021 with increased visibility from the regulatory framework.
- Continued focus on the regulated business while selectively
Flavio Cattaneo and Giuseppe Saponaro presented Terna's 1H13 consolidated results. Revenues increased 7.3% to €919 million driven by a 9.9% increase in grid fees. EBITDA rose 9.4% to €732 million and net income increased 18.8% to €264 million. Total capex was €504 million, with regulated capex of €482 million. Net debt was €6.575 billion, an increase of €720 million from year-end 2012. Key projects discussed included the Italy-France interconnection and Capri-Mainland link.
1H 2014 Consolidated Results (24 luglio 2014)Terna SpA
This document provides a summary of Terna's consolidated financial results for the first half of 2014. Some key highlights include:
- Total revenues increased 3.4% to €950 million driven by growth in non-traditional activities.
- EBITDA grew 2.8% to €753 million with an EBITDA margin of 79.2%.
- Group net income increased 4.1% to €275 million.
- Net debt stood at €7.083 billion as of June 30, 2014.
- Total capex was €386 million, a decrease of 23% year-over-year.
1Q 2015 Consolidated Results (6 Maggio 2015)Terna SpA
Terna presented its 2015-2019 strategic plan focused on free cash flow generation to drive sustainable shareholder returns. Key elements include capex discipline with €3.2 billion planned, optimization of non-regulated activities like interconnectors and services to contribute €1.4 billion in revenues, and opex savings of €30 million annually by 2019. The plan aims to reduce net debt starting in 2017/2018 and maintain a dividend of €0.20 per share in 2015 as a basis for future dividends.
Terna reported its 1Q14 consolidated results. Group net income increased 2.5% year-over-year to 145 million euros. Total revenues increased 1.8% to 478 million euros, driven by a 2.5% increase in EBITDA to 390 million euros. Net debt was 6,629 million euros as of March 31, 2014, an increase of 4 million euros from December 31, 2013. Capex in the quarter was 164 million euros, a decrease of 20% year-over-year.
9M 2014 Consolidated Results (12 novembre 2014)Terna SpA
The document summarizes the 9M14 consolidated results of an unnamed company. Key highlights include:
- Revenues increased 3.3% to €1.448 billion driven by growth in non-traditional activities. EBITDA was up 0.2% at €1.135 billion.
- Net income grew 1.5% to €418 million despite higher financial expenses. Capex was €652 million, down 14% year-over-year.
- Net debt increased slightly to €6.688 billion with 66% in bonds and 20% from EIB loans. The outlook for 2014 remains in line with 2013.
Terna reported its consolidated results for the first half of 2016. Revenues increased 3.8% to €1,040 million driven by higher regulated transmission activities. EBITDA rose 1.4% to €777 million and group net income increased 4.8% to €325 million. Total capex was €347 million, down from €439 million in 1H15. Net debt was €8.172 billion as of June 30, 2016. For the full year 2016, Terna expects EBITDA of approximately €1.53 billion, EPS of around €0.29, and capex of approximately €0.9 billion.
Slow Living Summit 2011 presentation by Christine BushwaySlowLiving
This document summarizes information from the 2011 Slow Living Summit, including:
- The US organic market was worth $29 billion in 2010 and grew 8% while conventional food grew 0.6%.
- There are over 16,000 certified organic operations in the US including over 14,500 farms.
- Three quarters of US families purchase organic products with newly organic buyers making up 36% of households.
- Studies have found links between pesticide exposure and negative health impacts, and consumers increasingly trust and purchase organic options.
Meiosis es el proceso de división celular que produce gametos como espermatozoides y óvulos, mientras que mitosis produce células somáticas. Meiosis involucra dos divisiones celulares seguidas y resulta en cuatro células hijas con la mitad del número de cromosomas de la célula original, permitiendo la variación genética necesaria para la reproducción sexual.
Este documento discute la prevalencia creciente de la prediabetes y la diabetes en América Latina debido a factores como los hábitos alimenticios y el sedentarismo. La prediabetes se define como un estado metabólico previo a la diabetes que se caracteriza por niveles elevados pero no diabéticos de glucosa en la sangre. La detección y tratamiento temprano de la prediabetes puede prevenir el desarrollo de la diabetes en hasta el 58% de los casos. El documento proporciona estadísticas sobre la prevalencia de la
The document discusses how to do more with less through automation and establishing small regional development teams. It stresses the importance of data accuracy across departments by ensuring they capture key details like consignment numbers, names, dates, weights, and pieces. While decentralization alone may not directly improve outcomes, it could significantly impact teachers' working conditions and is not a solution to fundamental problems.
This document contains a series of photo credits from various photographers. The photos were likely used in a Haiku Deck presentation about photography that was shared on SlideShare. The document encourages the viewer to get started creating their own Haiku Deck presentation if they were inspired by what they saw.
From 2008-2014, MobileDiagnosis conducted 8 field courses in 7 countries, training 199 local health workers. Courses were held in Uganda, Bangladesh, Afghanistan, Madagascar, the Democratic Republic of Congo, and Thailand in partnership with various organizations. 10 scientific articles on mHealth and telemedicine were published. A new training method using mobile phones was identified in 2011 and published in 2014. Collaborations were also established in 2012-2013 with organizations in DRC and Thailand to continue training locally. Future efforts will explore applying the social business model to create "Micro-Welfare Islands" for rural community wellness.
Terna Capital Markets Day 2024 PresentationTerna SpA
This document outlines Terna's investment plan and financial targets for 2024-2028. It discusses Terna's role in enabling Italy's energy transition through investments to integrate renewable energy and ensure grid flexibility/resilience. Key plans include over €15B in regulated investments and increasing non-regulated EBITDA to €600M cumulatively. Financial targets show increasing revenues, EBITDA, EPS and dividends while maintaining a balanced focus on yield and growth. Regulatory updates are expected in 2026 and 2028.
This document provides a summary of Terna S.p.A.'s consolidated results for the first quarter of 2016. Key highlights include revenues of €517 million, an increase of 0.8% compared to the first quarter of 2015. EBITDA was €395 million and Group Net Income was €162 million. Total capex for the quarter was €158 million, an 11% decrease year-over-year. Net debt was €7,687 million as of March 31, 2016, down from €8,003 million at the end of 2015. Presenters Matteo Del Fante and Pierpaolo Cristofori provided additional details on financial and operating metrics.
This document provides an overview and strategic plan for Terna from 2016-2019. It summarizes that Terna will invest 2.6 billion euros in regulated domestic infrastructure projects over this period. It also aims to strengthen its low risk profile through stable regulated revenues while pursuing limited international expansion and other non-regulated opportunities with capital allocation of up to 200 million euros and an EBITDA target of 240 million euros from these efforts. Financial targets include maintaining solid financial ratios and reducing net debt starting in 2018/2019 while providing sustainable dividend growth.
La missione dell’energia: Terna per il progetto Kami in BoliviaTerna SpA
Una centrale idroelettrica non basta per tradurre in realtà il progetto di Padre Serafino: serve una linea che trasmetta l’energia elettrica.
È qui che fa la differenza l’intervento di due dipendenti di Terna, Giampiero Fantini e Adriano Selva (tecnici del GOL, Gruppo Operativo Linee di Novara) che già da tempo partecipano come volontari al progetto. Giampiero e Adriano studiano il territorio e disegnano una linea di 37 km da realizzare a 4.000 metri di altezza, partendo da 2.650 metri per arrivare a quota 4.200.
I due appassionati dipendenti di Terna chiedono e ottengono il supporto della loro azienda. La coerenza con il core business e la valorizzazione delle competenze tecniche specifiche di Terna fanno di Kami un progetto di sostenibilità ideale.
Maggio 2011
FY2014 and 2015-2019 Strategic Plan (26 marzo 2015)Terna SpA
Terna presented its 2015-2019 strategic plan focused on free cash flow generation to drive sustainable shareholder returns. Key elements include capex discipline with €3.2 billion planned, optimization of non-regulated activities like interconnectors and services to contribute €1.4 billion in revenues, and opex savings of €30 million annually by 2019. The plan aims to reduce net debt starting in 2017/2018 and maintain a dividend of €0.20 per share in 2015 as a basis for future dividends.
Terna 2017>2021 Enabling Energy TransitionTerna SpA
Terna presented its investment plan to enable Italy's energy transition over the period 2017-2021. Key points include:
- Total capex of €4 billion to support renewable energy integration and grid reinforcements, 30% higher than the previous plan.
- RAB expected to grow 2% annually to €15.6 billion by 2021 to accommodate new investments.
- Revenue guidance of €2.25 billion for 2017, up 7% over 2016. EBITDA guidance of €1.58 billion for 2017, up 3% over 2016.
- EPS CAGR target of 3% through 2021 with increased visibility from the regulatory framework.
- Continued focus on the regulated business while selectively
Flavio Cattaneo and Giuseppe Saponaro presented Terna's 1H13 consolidated results. Revenues increased 7.3% to €919 million driven by a 9.9% increase in grid fees. EBITDA rose 9.4% to €732 million and net income increased 18.8% to €264 million. Total capex was €504 million, with regulated capex of €482 million. Net debt was €6.575 billion, an increase of €720 million from year-end 2012. Key projects discussed included the Italy-France interconnection and Capri-Mainland link.
1H 2014 Consolidated Results (24 luglio 2014)Terna SpA
This document provides a summary of Terna's consolidated financial results for the first half of 2014. Some key highlights include:
- Total revenues increased 3.4% to €950 million driven by growth in non-traditional activities.
- EBITDA grew 2.8% to €753 million with an EBITDA margin of 79.2%.
- Group net income increased 4.1% to €275 million.
- Net debt stood at €7.083 billion as of June 30, 2014.
- Total capex was €386 million, a decrease of 23% year-over-year.
1Q 2015 Consolidated Results (6 Maggio 2015)Terna SpA
Terna presented its 2015-2019 strategic plan focused on free cash flow generation to drive sustainable shareholder returns. Key elements include capex discipline with €3.2 billion planned, optimization of non-regulated activities like interconnectors and services to contribute €1.4 billion in revenues, and opex savings of €30 million annually by 2019. The plan aims to reduce net debt starting in 2017/2018 and maintain a dividend of €0.20 per share in 2015 as a basis for future dividends.
Terna reported its 1Q14 consolidated results. Group net income increased 2.5% year-over-year to 145 million euros. Total revenues increased 1.8% to 478 million euros, driven by a 2.5% increase in EBITDA to 390 million euros. Net debt was 6,629 million euros as of March 31, 2014, an increase of 4 million euros from December 31, 2013. Capex in the quarter was 164 million euros, a decrease of 20% year-over-year.
9M 2014 Consolidated Results (12 novembre 2014)Terna SpA
The document summarizes the 9M14 consolidated results of an unnamed company. Key highlights include:
- Revenues increased 3.3% to €1.448 billion driven by growth in non-traditional activities. EBITDA was up 0.2% at €1.135 billion.
- Net income grew 1.5% to €418 million despite higher financial expenses. Capex was €652 million, down 14% year-over-year.
- Net debt increased slightly to €6.688 billion with 66% in bonds and 20% from EIB loans. The outlook for 2014 remains in line with 2013.
Terna reported its consolidated results for the first half of 2016. Revenues increased 3.8% to €1,040 million driven by higher regulated transmission activities. EBITDA rose 1.4% to €777 million and group net income increased 4.8% to €325 million. Total capex was €347 million, down from €439 million in 1H15. Net debt was €8.172 billion as of June 30, 2016. For the full year 2016, Terna expects EBITDA of approximately €1.53 billion, EPS of around €0.29, and capex of approximately €0.9 billion.
Slow Living Summit 2011 presentation by Christine BushwaySlowLiving
This document summarizes information from the 2011 Slow Living Summit, including:
- The US organic market was worth $29 billion in 2010 and grew 8% while conventional food grew 0.6%.
- There are over 16,000 certified organic operations in the US including over 14,500 farms.
- Three quarters of US families purchase organic products with newly organic buyers making up 36% of households.
- Studies have found links between pesticide exposure and negative health impacts, and consumers increasingly trust and purchase organic options.
Meiosis es el proceso de división celular que produce gametos como espermatozoides y óvulos, mientras que mitosis produce células somáticas. Meiosis involucra dos divisiones celulares seguidas y resulta en cuatro células hijas con la mitad del número de cromosomas de la célula original, permitiendo la variación genética necesaria para la reproducción sexual.
Este documento discute la prevalencia creciente de la prediabetes y la diabetes en América Latina debido a factores como los hábitos alimenticios y el sedentarismo. La prediabetes se define como un estado metabólico previo a la diabetes que se caracteriza por niveles elevados pero no diabéticos de glucosa en la sangre. La detección y tratamiento temprano de la prediabetes puede prevenir el desarrollo de la diabetes en hasta el 58% de los casos. El documento proporciona estadísticas sobre la prevalencia de la
The document discusses how to do more with less through automation and establishing small regional development teams. It stresses the importance of data accuracy across departments by ensuring they capture key details like consignment numbers, names, dates, weights, and pieces. While decentralization alone may not directly improve outcomes, it could significantly impact teachers' working conditions and is not a solution to fundamental problems.
This document contains a series of photo credits from various photographers. The photos were likely used in a Haiku Deck presentation about photography that was shared on SlideShare. The document encourages the viewer to get started creating their own Haiku Deck presentation if they were inspired by what they saw.
From 2008-2014, MobileDiagnosis conducted 8 field courses in 7 countries, training 199 local health workers. Courses were held in Uganda, Bangladesh, Afghanistan, Madagascar, the Democratic Republic of Congo, and Thailand in partnership with various organizations. 10 scientific articles on mHealth and telemedicine were published. A new training method using mobile phones was identified in 2011 and published in 2014. Collaborations were also established in 2012-2013 with organizations in DRC and Thailand to continue training locally. Future efforts will explore applying the social business model to create "Micro-Welfare Islands" for rural community wellness.
Terna Capital Markets Day 2024 PresentationTerna SpA
This document outlines Terna's investment plan and financial targets for 2024-2028. It discusses Terna's role in enabling Italy's energy transition through investments to integrate renewable energy and ensure grid flexibility/resilience. Key plans include over €15B in regulated investments and increasing non-regulated EBITDA to €600M cumulatively. Financial targets show increasing revenues, EBITDA, EPS and dividends while maintaining a balanced focus on yield and growth. Regulatory updates are expected in 2026 and 2028.
Terna reported its consolidated results for the first nine months of 2023. Revenues increased 13% to €2,247 million driven by higher contributions from regulated transmission and dispatching activities. EBITDA grew 10% to €1,556 million due to growth in regulated activities. Capex increased 39% to a record €1,434 million as Terna continues significant investments to support energy transition goals. Net debt rose to €9,486 million due to capex outpacing cash flow, though financial ratios remained solid. The company reaffirmed its sustainability leadership and progress on key infrastructure projects.
Terna reported its financial results for the first half of 2023. Revenues increased 12% to €1.485 billion driven by growth in both regulated and non-regulated activities. EBITDA rose 8% to €1.019 billion. Capex was up 26% as Terna accelerated investment in the Italian power grid to support the energy transition. Net income increased slightly to €411 million. Terna maintained a strong financial position with net debt of €9.458 billion as of June 30, 2023.
Terna reported its consolidated results for the first quarter of 2023. Revenues increased 11% to €713 million driven by growth in regulated transmission and dispatching activities. EBITDA rose 8% to €500 million and group net income increased 4% to €200 million. Capex was up 7% to €315 million, with investments focused on development projects. Net debt stood at €8.847 billion, an increase of €271 million primarily due to capital expenditures exceeding operating cash flow. Overall, Terna delivered solid financial results in 1Q 2023 and continued progress on its investment plan.
Terna reported its consolidated results for fiscal year 2022. Revenues increased 13.8% to €2.964 billion driven by growth in regulated and non-regulated activities. EBITDA rose 11% to €2.059 billion and group net income increased 15.5% to €1.757 billion. Capex was €1.668 billion, funding investments to enable the energy transition. For 2023, Terna expects further revenue growth to €3.11 billion and EBITDA of €2.12 billion, with planned capex of €2.2 billion to support the national development plan's investments of over €21 billion through 2032.
Terna reported its consolidated results for the first nine months of 2022. Revenues increased 5% to €1.99 billion driven by growth in regulated transmission activities. EBITDA rose 3.5% to €1.41 billion and net income increased 1% to €587 million. Capex was up 12% to €1.03 billion, well on track to meet annual targets. Net debt declined to €8.65 billion due to positive cash flow generation. Management affirmed 2022 guidance and that execution remains on track.
Terna reported its consolidated results for the first half of 2022. Revenues increased 6% to €1.331 billion driven by higher regulated transmission and dispatching activities. EBITDA grew 4% to €947 million and group net income increased 4% to €398 million. Capex was up 10% to €661 million, primarily directed towards development projects. Net debt declined to €8.994 billion due to strong operating cash flow. Terna reaffirmed all its 2022 targets and continues progress on its 2021-2025 industrial plan.
The document provides a summary of Terna's consolidated results for fiscal year 2021. Key highlights include:
- Revenues increased 5% to €2.605 billion, driven by growth in both regulated and non-regulated activities.
- EBITDA grew 2% to €1.855 billion due to contributions from regulated activities.
- Group net income was in line with the previous year at €789 million.
- Capex increased 13% to €1.521 billion to support Italy's energy transition goals.
- Net debt rose to €10.003 billion but key financial ratios remained solid.
Terna reported its consolidated results for the first quarter of 2022. Revenues increased 5% to €644 million driven by growth in regulated transmission activities. EBITDA rose 3% to €461 million. Capex was up 21% to €293 million as Terna accelerates investments to support energy transition goals. Net debt declined to €8.7 billion due to positive operating cash flow covering investment needs. Management reconfirmed targets for 2022 with regulated revenue and EBITDA expected to increase compared to 2021.
2021 2025 Industrial Plan Update PresentationTerna SpA
Terna is Italy's transmission system operator and plays a key role in driving Italy's energy transition. The document outlines Terna's strategy and investment plan to support Italy's decarbonization targets and renewable energy integration goals through 2030. Key points include that Terna plans over €22 billion in investments from 2021-2025 to modernize and expand Italy's grid, with a focus on enabling over 60-70 GW of new renewable capacity. Terna's strategy also involves developing new market designs and digital technologies to manage Italy's changing energy landscape.
Terna presented its consolidated results for 9M 2021. Key highlights include revenues increasing 7% driven by regulated and non-regulated activities, EBITDA growing 4%, capex up 23% to support decarbonization, and net debt of €9.573 billion. Electricity demand was higher than pre-Covid levels. Regulated activities contributed significantly to financial results, with transmission and dispatching revenues up 5.9% and 3.8% respectively. The presentation included analysis of financials, operating metrics, capital expenditures and cash flows.
Terna reported its consolidated results for the first half of 2021. Key highlights include:
- Electricity demand recovered by 7.8% compared to the first half of 2020.
- Revenues increased 6.4% to €1.259 billion, driven by growth in regulated and non-regulated activities.
- EBITDA rose 3.9% to €910 million.
- Capex increased 41% to €602 million to support Italy's energy transition goals and grid investments outlined in Terna's 10-year plan.
Terna reported its financial results for the first quarter of 2021. Revenues increased 9.6% to €622 million driven by growth in regulated and non-regulated activities. EBITDA rose 4.5% to €454 million and capex increased 11% to €242 million. Net income grew 2% to €190 million. Demand returned to pre-Covid levels in March 2021 and capex acceleration will support the energy transition. Overall, Terna delivered solid financial results in 1Q 2021 and remains on track to achieve its targets.
2021-2025 Terna Industrial Plan PresentationTerna SpA
The document is Terna S.p.A.'s industrial plan for 2021-2025. It outlines Terna's strategy to further accelerate grid investments to support Italy's energy transition, enable greater renewable energy integration, and contribute to decarbonization targets. Key aspects of the plan include increasing regulated capital expenditures and the regulated asset base to over 21 billion euros by 2025, supporting over 55% renewable energy in the electricity mix by 2030, and adopting new sustainability and decarbonization commitments. Financially, the plan forecasts increased revenues, EBITDA, and EPS through 2025 while maintaining a solid financial profile and dividend policy.
Terna reported its consolidated results for the first nine months of 2020. Revenues increased 7% to €1,781 million driven by growth in regulated and non-regulated activities. EBITDA rose 4% to €1,323 million and group net income increased 3% to €569 million. Capex was up 12% at €749 million as Terna accelerated investments to develop and maintain the transmission grid. Despite the challenges of COVID-19, Terna was able to ensure security of supply and remains on track to meet its targets for the full year.
Terna presented its consolidated results for the first half of 2020. Key highlights included revenues increasing 7.8% to €1,183 million driven by regulated investments and the Brugg Cables consolidation. EBITDA grew 3.5% to €876 million. Capex increased 8% to €428 million to support ongoing investments. Group net income increased 3% to €378 million. Terna maintained a solid financial position with net debt of €8,846 million and is well positioned to meet its targets.
Terna reported its consolidated results for the first quarter of 2020. Key highlights include:
- Revenues increased 6% to €567 million driven by growth across all business lines.
- EBITDA rose 3.3% to €434 million due to higher revenues partially offset by rising costs.
- Capex increased 32% to €218 million, accelerating Terna's investment plan.
- Net debt rose slightly to €8.4 billion while financial ratios remained solid.
The document provides consolidated results for Terna for the first 9 months of 2019. Key highlights include:
- Revenues increased 4% to €1.66 billion driven by higher regulated transmission activities.
- EBITDA rose 4% to €1.28 billion due to cost efficiencies.
- Capex increased 19% to €670 million as execution of investment plan accelerated.
- Net income grew 2% to €553 million, reflecting strong operating performance.
The document provides a summary of Terna S.p.A.'s consolidated financial results for the first half of 2019. Some key highlights include:
- Revenues increased 3.3% to €1,098 million driven by growth in all business lines.
- EBITDA grew 3.8% to €846 million.
- Capex accelerated significantly up 17% to €396 million, in line with Terna's strategic plan.
- Net income increased slightly by 1.8% to €367 million.
- The financial structure remains solid with a net debt of €8.294 billion and debt duration of 5.1 years.
1. Restauro del reperto archeologico
e dell’Antiquarium della fornace
romana di Lonato sul Garda (BS)
XI Sodalitas Social Award
Candidatura Terna
ROMA, FEBBRAIO 2013