According to the financial statements of 30/06/2013,
which were prepared in accordance with the International Financial Reporting
Standards, the 1st half 2013 results of TERNA ENERGY S.A. are as
follows:
Consolidated sales amounted to 67.5 mil euro
compared to 55.2 mil euro during the 1st half of 2012, posting a 22.2%
increase mainly due to the increase of
income from the
C
ompany’s
energy
activities
as a result of the larger installed capacity
compared to the previous year, in
Greece
and abroad.
Income from the energy sector amounted to 51.4
mil
euro compared to
38.2 mil euro in the 1st
half of 2012, posting a 34.5
%
increase
.
Sales
of the Company’s construction sector towards third parties amounted to
16.1
mil euro compared to 17
mil euro the respective period of
2012, posting a
5.3
%
decrease.
Earnings before interest tax depreciation and amortization
(
EBITDA
)
amounted to
34.9
mil euro compared to
27
mil euro during the respective period last year,
thus increased by
29.1%
.
Earnings before interest and tax
(ΕΒΙΤ
)
amounted
to
20.2
mil
euro, increased by
13.7
%
compared to
17.8
mil
euro during the 1st half of 2012. Correspondingly, earnings before
tax amounted to
9.5
mil
euro versus
11.5
mil
euro in the respective period of 2012, thus posting a
17.5
% decrease. Net earnings after minority interest,
amounted to
5.1
mil euro
compared to
7.9
mil euro
the previous year, thus posting a
36
%
decline.
Cash
flows from operating activities before changes in working capital amounted to
35.2
mil euro compared to
27.1
mil euro the respective period of
2012. The Group’s net debt position (bank debt minus cash & cash
equivalents) settled at
274.2
mil
euro, while the Group’s investments during the 1st half of 2013 amounted
to
14.5
mil
euro, as the investment plan in Renewable Energy Sources is underway.
Moreover,
it is worth noting that TERNA ENERGY has proceeded with investment expenses
amounting to
146.4
mil euro for projects whose construction is underway and which have not been
set yet in operation.
The
Group’s total installed capacity amounts to
508
MW. The Group has installed capacity of 266 MW in
Greece
, 138 MW
in the
USA
,
74 MW in
Poland
and 30 MW in
Bulgaria
.
At the same time, the Group has RES facilities under construction or ready for
construction with a capacity of 290 in
Greece
and
abroad.
Overall,
the Company operates, is constructing or has full licensing of 798 MW of RES
installations in
Europe
and
America
.
The company’s objective is to reach a capacity of approximately 1,000 MW in RES
projects either in operation or under construction in all countries it operates
in by the end of 2014.
The company also owns
production licenses for additional
1,630
MW
in wind
parks and for
748
MW
of hydroelectric projects.