Terna S.p.A. Unsponsored ADR ( (TEZNY) ) has released its Q3 earnings. Here is a breakdown of the information Terna S.p.A. Unsponsored ADR presented to its investors.
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Terna S.p.A. Unsponsored ADR is a prominent player in the energy sector, primarily focusing on the management and development of the electricity transmission grid in Italy. The company is known for its significant role in facilitating the energy transition and enhancing grid resilience through strategic investments and innovations.
In its latest earnings report for the first nine months of 2024, Terna S.p.A. reported robust financial growth, with notable improvements in key metrics such as revenue, EBITDA, and net profit. The company has also accelerated its capital expenditure to drive the energy and digital transition of Italy’s electricity system, setting a record with approximately €1.7 billion invested, marking an 18.5% increase from the same period in 2023.
Key financial highlights include a 17.8% increase in revenues to €2,647.4 million, a 21.6% rise in EBITDA to €1,892.2 million, and a 26.6% growth in group net profit to €812.6 million. Additionally, Terna’s net debt decreased to €10,017.7 million, reflecting a reduction from the end of 2023. The company also announced an interim dividend for 2024 of 11.92 euro cents per share, up 4% from the previous year, aligning with its dividend policy outlined in the 2024-2028 Industrial Plan.
Looking ahead, Terna remains committed to its strategic objectives outlined in its 2024-2028 Industrial Plan, focusing on integrating renewable energy sources, enhancing grid resilience, and advancing digitalization initiatives. The company has improved its guidance for 2024, anticipating revenues of €3.61 billion and an EBITDA of €2.50 billion, driven by the current incentive schemes and strategic investments.
Overall, Terna’s forward-looking strategy aims to continue supporting the energy transition while maintaining financial growth and operational efficiency, positioning itself as a key player in Europe’s evolving energy landscape.
