Terna S.p.A. Reports Strong Growth and Record Investments
Company Announcements

Terna S.p.A. Reports Strong Growth and Record Investments

Terna S.p.A. (IT:TRN) has released an update.

Terna S.p.A. reported a robust financial performance for the first nine months of 2024, with revenues increasing by 17.8% to 2,647.4 million euros and net profit rising by 26.6% to 812.6 million euros. The company also accelerated its investments significantly, focusing on the energy and digital transition, reaching a record 1.7 billion euros, an 18.5% increase from the previous year. These positive results have prompted Terna to improve its guidance for 2024, underscoring its strong growth trajectory and commitment to enhancing the electrical grid’s efficiency.

For further insights into IT:TRN stock, check out TipRanks’ Stock Analysis page.

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