TERNA MANAGEMENT MEETS WITH THE BANKS OF THE INSTITUTIONAL IPO CONSORTIUM

Published on viernes, 30 abril 2004

Presents consolidated financial results, pro-forma consolidated results, and Company strategy The pro-forma results take into account the effects of the optimization of Terna’s financial structure, achieved through the reduction of its capital, and the economic effects of the Brazilian acquisition. Consolidated pro-forma 2003 results: revenues 919 million euro; Ebitda 623 million euro, equal to 68% of revenues; net profit 173 million euro, 19% of revenues. Consolidated pro-forma Q1 2004 results: revenues 281 million euro (+11%); Ebitda 210 million euro (+13%); net profit 77 million euro, an increase of 30% compared with the first quarter 2003.
Price Sensitive | abril, 30 2004

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