Terna Energy - Stay Tuned....... Cash Machine!!!!!!!
Terna Energy announced its 1H18 financial results: Group turnover declined slightly by 0.6% YoY to EUR 139m, EBITDA advanced by 20% YoY to EUR 82m, while net income jumped by 79% YoY to EUR 18.4m. Regarding the renewables segment, turnover rose by 32% YoY to EUR 104m and EBITDA increased by 33% YoY to EUR 75m. The average load factor of wind farms stood at a high 32.2% from 27.4% in 1H17. Total installed capacity currently stands at 986 MW (unchanged from 1Q18), while wind farms with a capacity of 177 MW are under construction (158 MW in US and 19MW in Greece). Group net debt at the end of 1H18 declined to EUR 482m from EUR 518.5m at the end of 1Q18 and EUR 564m at the end of 2017. In other news, TE announced a capital return of EUR 0.30 per share (+15% YoY), with the payment expected in January.