According to the financial statements of
31/12/2013
, which were prepared in accordance with the
International Financial Reporting Standards, the 2013 annual results of TERNA
ENERGY are as follows:
Consolidated sales amounted to
139.6
million euro compared to
124
million euro during 20
12
, posting a
12.6% increase, mainly due to increased
income from the
C
ompany’s
energy
activities as a result of the higher installed capacity compared to the
previous year both in
Greece
and abroad.
Income from the energy sector amounted to
105.7
million euro compared to 79.6
million
euro in 20
12
, posting
a
32.8% increase
.
Sales
of the Company’s construction division for third parties amounted to 33.9 million
euro compared to
44.4 million euro in the
previous year, posting a 23.8% decrease.
Earnings before interest tax depreciation and amortization
(
EBITDA – adjusted for the
provision of the special charge in the income of the energy sector
)
amounted to 69.9
million euro compared to 53 million euro in 2012, thus increased by 31.9%. Earnings before interest
and tax
(ΕΒΙΤ
)
amounted
to 35.7 million euro posting an increase of 2.5% compared to
34.8 million euro during 2012 as they were
significantly affected by the above special charge. Correspondingly, earnings
before tax amounted to 9.9 million euro versus 19.4 million euro in 2012, thus posting a 49%
decrease. Net earnings after minority interest, amounted to 4.1 million euro compared to 14.2 million euro in the previous year, thus
decreased by 71.2%.
Cash
flows from operating activities before changes in working capital amounted to
70.2 million euro compared to 53.2 million euro in the previous year. The
Group’s net debt position (bank debt minus cash & cash equivalents)
amounted to 242.1 million euro, while the Group’s investments during the year
2013 reached 46.9 million euro, as the investment plan in Renewable Energy
Sources is proceeding.
Moreover,
it is worth noting that the Group has proceeded with investment expenditures of
181 million euro for projects whose construction is underway and which are not
yet operational.
The
Group’s total installed capacity amounts to 544MW. The Group has 302MW
installed in
Greece
,
138MW in the
USA
,
74MW in
Poland
and 30MW in
Bulgaria
.
At the same time, the Group has RES installations currently under construction
or ready for construction with a capacity of 294MW in
Greece
and
abroad.
Overall,
the Company operates, is constructing or has full licensing of 838MW of RES
installations in the
Europe
and
America
.