According to the financial statements of
31/03/2015
, which were prepared in accordance with the
International Financial Reporting Standards, the results of TERNA ENERGY for
the first quarter of 2015 are as follows:
Consolidated sales amounted
to 46 million euro compared to 35.6 million euro during the first quarter of 2014,
increased by 29.2%.
Income from the energy
sector amounted to 37.5 million euro
compared to
28.8 million euro in
the corresponding quarter of 2014, increased by 30.3%.
Sales of the Company’s
construction division to third parties amounted to 2.4 million euro versus 6.8 million
euro in the first quarter of 2014.
Earnings before interest, tax, depreciation and amortization (EBITDA)
amounted to
29.3
million euro, compared to 18.9 million euro in the corresponding period of the
previous year, increased by 54.7%,
due to the increased
installed capacity and the higher wind performance data of the first quarter
compared to the same period last year. Earnings before interest and tax (ΕΒΙΤ)
amounted to
19.8
million euro compared to 11.6 million euro, increased by 71%.
Earnings before tax amounted to
15.3 million euro compared
to 5.2 million euro in the first quarter of 2014, increased by 196.4%. It is
noted that the earnings before tax in the first quarter include positive
foreign exchange differences of 3.5 million euro.
Net earnings after minority interest amounted to
12.2 million euro, compared
to 3.6 million euro, increased by 234.9%.
Cash flows from operating activities before changes in working capital
improved significantly
and amounted to 11.9 million euro versus 7.1 million euro in the previous year.
The Group’s net debt position (bank debt minus
cash & cash equivalents) at the end of the first quarter 2015 amounted to
268 million euro compared
to 254 million euro at the end of the previous quarter.
The Group’s investments during the first quarter of
2015 settled at 4.7 million
euro and are expected to accelerate over the remaining part of 2015.
The
Group’s total installed capacity accounts for 648 MW. The Group has
installations of 394 MW in
Greece
, 138 MW in the
USA
, 86 MW in
Poland
and 30 MW in
Bulgaria
. At the same time,
the Group has RES installations currently under construction or ready for
construction with a capacity of 237 MW, in
Greece
and abroad.
Overall,
the Company operates, is constructing or has full licensing of 885 MW of RES
installations in
Europe
and
America
. The Company is
targeting to reach almost 1,000 MW of RES projects in operation in all
countries it activates over the following years.