Terna: Luigi Ferraris presented the results of the first half of 2019

Executive Manager - Luigi Ferraris

At the meeting of Terna's Board of Directors, chaired by Catia Bastioli, Luigi Ferraris presented the results of the first half of 2019. The company that manages the national electricity grid closed with revenues of € 1,097.8 million, an increase of € 35 million (+ 3.3%) compared to the previous year, a Gross Operating Profit (Ebitda) of € 846.2 million, an increase of € 31.3 million (+ 3.8%) compared to 814.9 million and a net profit amounted to 366, 6 million, up by € 6.4 million (+1.8%).

As regards the total capital expenditure, Terna invested € 396.3 million, up by 17.3% compared to the € 337.9 million of 2018. In particular, during the first half of 2019, 193 km of old overhead power lines were dismantled and 26 km of new underground cable lines were built. The progress on the Italy-France and Italy-Montenegro interconnections, the works for the electrical interconnection between Capri and Sorrento and the rationalization of Rome's electricity grid are also worthy of mention.
Luigi Ferraris also pointed out that 4.328 employees work in Terna Group, up by 76 units compared to the end of 2018. "The results of the first half of the year confirm the solidity of the managerial actions undertaken, with profitability and investments accelerating significantly, in support of the decarbonisation process already under way in Italy. Increased profitability, maintaining satisfactory efficiency levels and greater investments allow us to confidently pursue the objectives set forth in our Strategic Plan, which combine growth with the creation of value for our shareholders" declared the CEO and General Manager Luigi Ferraris.

 

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