(Finance) – The Audit Section of the Court of Auditors approved the report on the 2020 financial year din society “Manager of Energy Services” (GSE spa), wholly owned by the Mef and operating, based on the strategic guidelines of the Ministry of Economic Development, in the field of environmental sustainability.
In 2020 Gse it managed over 1.3 million contracts, corresponding to almost 70 TWh of energy, with the disbursement of approximately € 13.9 billion as incentives. In 2020, a total of 15.2 billion euros were allocated to promoting sustainability, of which 11.9 billion for the incentive of electricity produced from renewable sources, 1.1 billion for energy efficiency and for renewables in the thermal sector, 1 billion dedicated to biofuels.
The incidence is significant restrictive measures to combat the pandemic on many items of the annual energy balance, both for the overall contraction in energy demand by households and businesses, and for the shift in consumption from some sectors to others.
It is increasing by 2.38 million euros for shareholders’ equity, with a profit of approximately 7.4 million (down by 662,000 euros on 2019) and a profitability of 13.1%. On a consolidated level – thanks also to the contribution of the subsidiaries AU, GME and RSE – the Group recorded a turnover of 26.7 billion euros and a profit of 11.8 million. The total revenues of the Parent Company amounted to 14 billion euros, up by 31.2 million compared to 2019. The result from core business (941,687 euros) decreased by 87,890, net profit for the year was 7.4 million and shareholders’ equity, at 31 December 2020, grew by 2.4 million euros compared to the previous year.
The figures referring to the Group show a value of production of 26.6 billion euros, down by 3.5 due to the decrease in revenues (3.9 billion euros) from the sale of energy and gas. The result for the year, again referring to the Group, stood at 11.8 million, higher than 3.2 compared to the 8.6 million euros in 2019 and, as at 31 December 2020, the shareholders’ equity of the group recorded an increase of € 6.8 million.