Italy's Terna reports 23% rise in H1 core profit, confirms outlook
July 26 (Reuters) -Italian power grid operator Terna TRN.MI reported on Friday a 23% annual rise in its core earnings for the first half of the year, mainly thanks to an increase in revenues from regulated activities.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 1.26 billion euros ($1.37 billion) between January and June, while capital expenditures were up 25.5% to 1.04 billion euros.
The state-controlled group confirmed the guidance expressed in the 2024-2028 business plan presented in March, in which it forecast full-year EBITDA to come in at 2.42 billion euros and its capital expenditures to amount to 2.6 billion euros.
($1 = 0.9211 euros)
Reporting by Enrico Sciacovelli in Gdansk, editing by Alessandro Parodi
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
