Terna Energy SA

Latest Results (14.08.2024):

Revenue Growth

In the financial results for the year 2023, Terna Energy SA reported consolidated sales from continuing operations amounting to €327.8 million, marking a 10.0% increase compared to €298.0 million in 2022. This growth was primarily driven by the energy sector due to increased production following the commissioning of the wind farm complex in the Kafireas area of Evia.

EBITDA Increase

Terna Energy SA's operating earnings before interest, taxes, depreciation, and amortization (EBITDA) from continuing operations for 2023 amounted to €177.8 million, a significant increase of 53.4% compared to €115.9 million in the previous year. This rise was influenced by the reduced expense of the free share distribution plan, which was €0.6 million in 2023 compared to €48.8 million in 2022.

Profit Before Tax

For the year 2023, Terna Energy SA reported a profit before tax from continuing operations of €81.1 million, which represents a 109.8% increase from €38.7 million in 2022. This substantial growth was largely due to the lower expense associated with the free share distribution plan in 2023.

Net Operating Profit

Net operating profit from continuing operations attributed to the shareholders of Terna Energy SA for 2023 was €59.7 million, a remarkable increase of 201.2% compared to €19.8 million in 2022. The significant rise in net profit is attributed to the reduced cost of the free share distribution plan in 2023.

Dividend Distribution

During the Annual General Meeting on June 14, 2023, Terna Energy SA approved the distribution of earnings and reserves totaling €44.6 million, equating to €0.38 per share. This dividend distribution reflects the company's strong financial performance and commitment to returning value to its shareholders.