According
to the financial statements of
30/09/2012
, which were prepared in
accordance with the International Financial Reporting Standards, the results
for the 9month of 2012 of TERNA ENERGY are as follows:
Consolidated
sales amounted to
88.4
mil
euro compared to
46.6
mil
euro during the 9month of 2011, posting a
89.6
% increase mainly due to increased income from the
company’s energy activities, as a result of the higher installed capacity
compared to the previous year, in
Greece
and
abroad.
In detail,
sales from the energy sector amounted to
55.5
mil euro compared to
29.7
mil euro the 9month of 2011, posting an
86.6
% increase.
Sales of
the company’s construction sector towards third parties amounted to
32.9
mil euro, compared to
16.8
mil euro the respective period of 2011,
posting an increase of 94.8%.
Earnings before interest tax depreciation and amortization (EBITDA)
amounted to
40.4
mil
euro compared to
19.5
mil
euro the 9month of 2011, thus increased by 107%. Earnings before interest and
tax
(ΕΒΙΤ
)
amounted
to
27.5
mil
euro, increased by 112% compared to
12.9
mil euro during the 9month of 2011. Correspondingly, earnings before tax amounted
to
16.6
mil
euro versus
12.2
mil
euro in the respective period of 2011, thus posting a
35.9
% increase. Net earnings after minority interest,
amounted to
12.3
mil
euro compared to
8.6
mil
euro the previous year, thus increased by 42%.
The
Group’s investments amounted to
180.2
mil
euro for the 9 month of 2012, as the investment plan in Renewable Energy
Sources is progressing.
Cash flows
from operating activities before changes in working capital amounted to
40.6
mil euro compared to
19.4
mil euro during the respective
period of last year, while the Group’s net debt position (cash & cash
equivalents minus bank debt) amounts to
308.2
mil euro.
The
Group’s total installed capacity amounts to 498 MW, as recently the installation
of yet another wind park was completed in
Poland
, with a
total capacity of 10 MW, while licenses were acquired and thus construction is
initiated for additional 8MW in
Poland
as well.
At the same time, the Group has RES facilities under construction or ready to
build for a capacity of 250.5 MW in
Greece
and
abroad.
Overall, the
Company operates, is constructing or has full licensing of 749 MW of RES
installations in
Europe
and
America
.
Moreover, the company has production licenses for additional 1,660 MW of wind
parks and for 783 MW of hydroelectric projects.