• Revenues of Free Energia amounted to 199.4 million, +105% (Euro 96.8 million as at 12/31/2013)
  • EBITDA of Euro 4.4 million, +119% (Euro 2.01 million as at 12/31/2013)
  • Ebitda Margin 2.21% (2.08% as at 12/31/2013)
  • EBIT of Euro 3.8 million, +153% (Euro 1.5 million as at 12/31/2013)
  • Net Profit of Euro 2.1 million, +173.2% (Euro 0.8 million as at 12/31/2013)
  • NFP of Euro 3.3 million, (Euro 1 million as at 12/31/2013)
  • Net Equity amounted to Euro 7.3 million (5.6 million as at 12/31/2013)

 

Terni, March 12, 2015

TerniEnergia, smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group, announces that the Board of Directors of the subsidiary Free Energia has approved the draft financial statements as at December 31, 2014[1], of which the following are the main elements:

The Net revenues amounted to Euro 199.4 million (Euro 96.8 million as at December 30, 2013) with an increase of 105.9%.

The EBITDA amounted to Euro 4.4 million (+119%) compared to Euro 2.01 Million recorded as at December 30, 2013. The EBITDA Margin was 2.21%, with a significant increase compared to the same period of 2013 (2.08%)

Net operating income (EBIT) amounted to Euro 3.8 million (Euro 1.5 million as at December 30, 2013), with an increase of 153%.

Net profit amounted to Euro 2.1 million with an increase of 173.2%. Net income as at December 30, 2013 was Euro 0.8 million.

The Net Financial Position amounted to Euro 3.3 million (Euro 1 million as at 31/12/2013).

The net equity amounted to Euro 7.3 million (Euro 5.6 million as at 31/12/2013. The NFP/net equity ratio, equal to 0. 45x (Gearing Ratio 45.2%) improves appreciably and constantly, consolidated in full security area.

TerniEnergia also announced that it has received at the Conrad Hotel in Hong Kong the prestigious “Iair Awards Excellence in Global Economy & Sustainability” as Best Company for Sustainability Smart Energy Europe for the following reasons:

For its pioneering commitment to create an advanced business model, based on the integration of renewable sources of energy, energy efficiency and management, cleantech and technical services. Thanks to the growth of its international group in the environment industry, TerniEnergia represents a true example of reliability and stability, developing an original approach towards a market that exports sustainable Italian technological innovation”.

The prize was awarded to Stefano Neri, Chairman and CEO of TerniEnergia.

The Iair Awards Excellence in Global Economy & Sustainability (www.iairawards.com) have reached the fifth edition and represent the international recognition linked to the magazine Iair (International Alternative Investment Review) published by Editrice Le Fonti group.

The ceremony, this year, has been preceded from a conference entitled Asia CEO Summit, a debate among Chief Executive Officers and Managing Directors from three different top players on their respective sectors: Aaron Yim, Hong Kong Managing Director of Ricoh, the office solutions and printing multinational company, Steve Lewis, CEO at Igate, one of the leading IT solutions corporation and Thorsten Heidt, Managing Director – Head of Equity Markets and Commodities Commerzbank Asia, the German global bank and financial services company. The discussion has been presented by Wendy Tang who collaborates with the Wall Street Journal.

Besides TerniEnergia, which confirms its leadership in sustainable energy for the third consecutive year, the Iair Awards went among others to China Telecom (Telecommunications), China Resources Power (Energy) and China Shanshui Cement Group (building materials), to the banking giant UBS and to the printing multinational company Ricoh, both with two awards, to the international broker Commerzbank and to the global telecommunications giant Hutchinson global Communications.

[1] The financial results of Free Energia SpA are consolidated in the consolidated financial statement of TerniEnergia from 20/10/2014, the effective date of acquisition.