Terna Energy's 2018 profit improves by 21%

Wind turbines. Photo by: Terna Energy (www.terna-energy.com).

March 22 (Renewables Now) - Greek renewable power producer Terna Energy (ATH:TENERGY) has experienced a 21.4% rise in net profit after minority interests in 2018, mainly due to an increase in its installed capacity.

The company reported a bottom line of EUR 44.9 million (USD 50.8m) for 2018 compared with EUR 37 million a year back. Pre-tax profit went up by 9.5% to EUR 62.4 million.

The table below gives more details about the company’s financial performance in 2018.

Figures in EUR million 2018 2017
Consolidated sales 292 276.5
Income from the electricity production sector 216.3 173
EBITDA 167.9 147.5
EBIT 120.1 109.3
Profit before tax 62.4 57
Net profit after minority interests 44.9 37

Terna Energy’s total installed capacity currently stands at 1,032 MW, including 607 MW in Greece, 293 MW in the US and 132 MW in Southeast Europe. It is also working on a further 280 MW both at home and abroad. The long-term target set by the company is to reach 2,000 MW around the world.

(EUR 1.0 = USD 1.131)

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