The annual results of the
year 2016 for TERNA ENERGY settled as following:
Consolidated sales for 2016
amounted to 225.5 million euro compared to 198.6 million euro in 2015,
increased by 13.5%.
Income from the electricity
production sector amounted to 151.1 million euro
compared to
140.2 million euro in the previous year, increased by 7.7%.
Sales from the division of
electric energy trading amounted to 31.4 million euro versus 26.7 million euro
in 2015.
Sales of the Company’s
construction division for third parties amounted to 30.2 million euro versus
20.1 million euro in 2015.
Total earnings before interest, taxes, depreciation and amortization
(EBITDA) amounted to
115.7 million euro, versus 99.3 million euro in 2015, increased by 16.5%.
Total earnings before interest and taxes
(ΕΒΙΤ) amounted to 73.3
million euro versus 60.2 million euro, posting an increase of 21.7%.
Earnings before taxes amounted to
36.2 million euro
versus 30.3 million euro in 2015, increased by 19.4%.
Net earnings after minority interests amounted to
20.6 million euro, compared
to 16.9 million euro, posting an increase of 21.8%.
The Group’s net debt position (bank debt
minus cash & cash equivalents) at the end of the year 2016 settled at
554
million euro compared to 394 million euro at the end of the previous quarter,
reflecting the strong capital expenditures of the Group.
The
Group’s total installed capacity accounts for 738 MW. The Group has
installations of 468 MW in Greece, 138 MW in the USA, 102 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 242 MW, in
Greece and abroad. Overall, the Company operates, is constructing or has full
licensing of 980 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.