- Industrial Goals Widely Exceeded
- Dividends amounting to Euro 0,1 per share proposed (pay out ratio at 40%)
- Revenues amounting to Euro 46,8 million: +47% if compared with the result at December 31st, 2008
- EBITDA equal to Euro 7.3 million (EBITDA margin 16%): +134% if compared with the result at December 31st, 2008
- Net Financial Position amounting to Euro 2.7 million (€ 5,9 million at December 31st, 2008)
The Board of Directors of TerniEnergia S.p.A. – a company listed on MTA of Borsa Italiana, operating in the renewable energy sector, approved the draft balance sheet as at December 31st 2009.
Stefano Neri, Chairman and Managing Director of TerniEnergia, commented as follows:
‘The financial year 2009 has been a year during which a significant creation of value for our Group has occurred: the main economic indicators, and mainly the income, that is 16% and the balance sheet result amounting to Euro 6.2 million (11% vs net revenues), represent significant growth, that is higher than the one expected, and that confirms our leadership in the photovoltaic sector in Italy. During the year 2010 we will continue to pursue our expansion ,by strengthening the power generation activity from solar source in JV with EDF EN Italia as well as with new partners and focusing our attention to our presence on the photovoltaic plants of industrial size sector, pursuing the purpose of obtaining a gradual gaining of efficiency in terms of projection costs and authorizations route. Thanks to the excellent results so achieved, we propose the distribution of 40% of the profits, amounting to Euro 0.1 per share”.
