Renewable energies

Luigi Ferraris: Terna Shareholeders’ Meeting approves 2018 financial statements

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The Ordinary Shareholders’ Meeting of Terna, the Italian electricity grid company managed by Luigi Ferraris, approved Terna’s financial statements as of 31 December 2018. A dividend was resolved for the whole 2018 equal to 23,32 euro cents per share, as a final dividend. On 9 May 2019, Terna CEO and General Manager, Luigi Ferraris, also presented the results of the first quarter of 2019. The achieved results confirm a positive growth trend already outlined in the 2019-2023 Strategic Plan. “The sharp acceleration seen in investments, once again, places Terna at the heart of the energy transition process towards complete decarbonisation and the full integration of energy from renewable sources into the grid“, Luigi Ferraris said. Terna’s CEO and General Manager also added that such investments demonstrate “the ongoing Terna’s strong commitment to innovation, through the opening of Innovation Hubs across Italy, to promote the development of an increasingly secure, resilient and sustainable electricity“. In the first quarter of 2019 Revenues recorded an increase of 13.9 million euro (+2.7%) and Ebitda stood at 420.2 million, up by 10.9 million euros (+2.7%) compared to the same period of 2018. The Group net profit of the company managed di CEO and General Manager Luigi Ferraris was 186.0 million euro, up 3.3 million euro (+1.8%) compared to the same period of previous year.

Luigi Ferraris: Terna Shareholeders’ Meeting approves 2018 financial statements 5.00/5 (100.00%) 1 vote

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