(Telestock) – Terna closed the first half of the year with investments which exceed one billion euros, at 1.042 billion, up 25.5% on an annual basis.
In the period theNet income of the group equal to 544.8 million (+32.4%). The revenues rose to 1.75 billion (+18.1%), Ebitda to approximately 1.26 billion (+23.4%).
At the end of June, thenet financial debt stands at around 10.33 billion, down from 10.45 billion at the end of 2023.
“The results of the semester confirm the Group’s commitment to achieving its economic and financial objectives and allow us to fully confirm the guidance for 2024“, commented Giuseppina Di Foggia, CEO and General Manager of Terna. “We are proceeding with the execution of the 2024-2028 Industrial Plan, presented last March, and with the construction of strategic works for the country both in terms of authorization procedures and in terms of supply procurement. In fact, over 80% of the total planned investments have already been authorized and approximately 75% are covered by purchase contracts already signed. The investment program for the coming months will strengthen Terna’s role in ensuring an increasingly safe, efficient and adequate electricity system to manage the growing capacity fed into the grid from renewable sources, which increased by approximately 3.7 GW in the first six months of 2024,” concluded Di Foggia.
Outlook
During 2024, Terna expects moderate global economic growth and the persistence of trade tensions between the main world economies, with the risk of the introduction of new protectionist measures. Furthermore, geopolitical tensions persist, among the main factors that could have a negative impact on political and economic stability. “In this scenario, the Terna Group confirms the implementation of the provisions of the 2024-2028 Industrial Plan”.