Terna Logo

Terna

ISIN: IT0003242622 | Ticker: TRN | LEI: 8156009E94ED54DE7C31
Sector: UtilitiesSub-Industry: Electric Utilities
Country: Italy

About Terna

Company Description

We are a major operator of energy transport networks, and represent a reality of Italian excellence, with more than 5,000 professionals engaged daily in the security of the national electricity system.
We manage Italy's national high- and extra-high-voltage electricity transmission grid, with around 75,000 km of lines, and ensure its safety, quality and cost-effectiveness over time, balancing electricity supply and demand 24 hours a day.

We pursue grid development, increasing operational efficiency and integration with the European grid. We work every day to build a climate of dialogue and trust in the territories, where we bring an essential commodity: electricity.

Our position gives us a long-term view of energy systems and places us in a leading role in enabling the transition to more efficient and environmentally friendly modes of production, spurring us to develop high-tech solutions and modernise the grid to connect multiple producers and consumers.

Year founded

1999

Headquarters

Viale Egidio Galbani 70, 156 Roma – Italy

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 20,630,300,000.00 22,359,200,000.00 22,802,900,000.00
Noncurrent Assets N/A 15,851,900,000.00 16,501,100,000.00 17,681,800,000.00
Property Plant And Equipment N/A 14,559,700,000.00 15,316,600,000.00 16,200,900,000.00
Goodwill N/A 230,100,000.00 256,500,000.00 251,500,000.00
Intangible Assets Other Than Goodwill N/A 347,800,000.00 400,000,000.00 524,300,000.00
Investment Accounted For Using Equity Method N/A 75,800,000.00 76,200,000.00 73,800,000.00
Deferred Tax Assets N/A 111,800,000.00 146,600,000.00 121,000,000.00
Other Noncurrent Assets N/A 18,900,000.00 17,500,000.00 15,900,000.00
Inventories N/A 66,400,000.00 69,900,000.00 83,000,000.00
Current Trade Receivables N/A 1,245,200,000.00 2,777,400,000.00 2,358,300,000.00
Trade And Other Current Receivables Due From Related Parties N/A 234,100,000.00 302,300,000.00 333,200,000.00
Current Tax Assets Current N/A 9,700,000.00 4,800,000.00 6,800,000.00
Current Financial Assets At Fair Value Through Other Comprehensive Income N/A 2,500,000.00 -3,000,000.00 N/A
Cash and cash equivalents 1,057,400,000.00 2,689,000,000.00 1,566,800,000.00 2,155,100,000.00
Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 4,777,100,000.00 5,482,600,000.00 5,050,400,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 1,300,000.00 375,500,000.00 70,700,000.00
Other Current Assets N/A 128,300,000.00 83,100,000.00 191,900,000.00
Equity And Liabilities N/A 20,630,300,000.00 22,359,200,000.00 22,802,900,000.00
Equity 4,231,900,000.00 4,415,800,000.00 4,713,000,000.00 6,169,100,000.00
Issued Capital N/A 442,200,000.00 442,200,000.00 442,200,000.00
Retained Earnings N/A 2,711,600,000.00 2,964,300,000.00 N/A
Retained Earnings Excluding Profit Loss For Reporting Period N/A N/A 2,964,300,000.00 3,180,900,000.00
Other Reserves N/A 613,200,000.00 683,400,000.00 1,875,200,000.00
Equity Attributable To Owners Of Parent N/A 4,369,800,000.00 4,681,900,000.00 6,142,000,000.00
Noncontrolling Interests N/A 46,000,000.00 31,100,000.00 27,100,000.00
Noncurrent Liabilities N/A 11,183,800,000.00 9,998,500,000.00 9,824,500,000.00
Noncurrent Provisions For Employee Benefits N/A 61,700,000.00 60,800,000.00 48,400,000.00
Other Longterm Provisions N/A 171,400,000.00 134,200,000.00 140,800,000.00
Other Noncurrent Liabilities N/A 836,700,000.00 884,800,000.00 971,400,000.00
Longterm Borrowings N/A 9,860,200,000.00 8,835,000,000.00 8,416,700,000.00
Current Liabilities N/A 5,030,700,000.00 7,389,900,000.00 6,799,700,000.00
Trade And Other Current Payables To Related Parties N/A 80,400,000.00 59,900,000.00 60,900,000.00
Current Tax Liabilities Current N/A 0.00 28,100,000.00 43,800,000.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A 0.00 257,800,000.00 9,600,000.00
Other Current Liabilities N/A 333,100,000.00 453,400,000.00 669,900,000.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 2,377,500,000.00 2,534,500,000.00 2,898,100,000.00
Other Revenue 112,900,000.00 71,800,000.00 66,400,000.00
Raw Materials And Consumables Used 160,800,000.00 206,400,000.00 247,800,000.00
Services Expense 189,100,000.00 218,300,000.00 276,900,000.00
Employee Benefits Expense 287,000,000.00 295,300,000.00 348,100,000.00
Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 634,400,000.00 654,400,000.00 725,700,000.00
Other Expense By Nature 42,500,000.00 31,500,000.00 32,500,000.00
Profit Loss From Operating Activities 1,176,600,000.00 1,200,400,000.00 1,333,500,000.00
Finance Income 9,600,000.00 16,600,000.00 N/A
Finance Costs 91,700,000.00 95,800,000.00 121,800,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method -3,900,000.00 300,000.00 -1,000,000.00
Profit Loss Before Tax 1,090,600,000.00 1,121,500,000.00 1,233,400,000.00
Income Tax Expense Continuing Operations 297,400,000.00 317,900,000.00 355,400,000.00
Profit Loss From Continuing Operations 793,200,000.00 803,600,000.00 878,000,000.00
Profit Loss From Discontinued Operations 2,100,000.00 -12,800,000.00 -20,300,000.00
Profit (loss) 795,300,000.00 790,800,000.00 857,700,000.00
Profit Loss Attributable To Owners Of Parent 785,500,000.00 789,400,000.00 857,000,000.00
Profit Loss Attributable To Noncontrolling Interests 9,800,000.00 1,400,000.00 700,000.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 795,300,000.00 790,800,000.00 857,700,000.00
Interest Paid Classified As Operating Activities N/A -201,200,000.00 214,600,000.00 154,800,000.00
Interest Received Classified As Operating Activities N/A 32,800,000.00 54,300,000.00 64,200,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A -339,400,000.00 317,900,000.00 380,100,000.00
Cash Flows From Used In Operating Activities N/A 941,400,000.00 832,300,000.00 2,323,700,000.00
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A N/A 0.00 157,000,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 1,186,600,000.00 1,344,200,000.00 1,492,300,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 101,600,000.00 130,800,000.00 212,400,000.00
Interest Paid Classified As Investing Activities N/A -10,100,000.00 -10,800,000.00 N/A
Cash Flows From Used In Investing Activities N/A -1,389,600,000.00 -863,300,000.00 -1,855,400,000.00
Proceeds From Changes In Ownership Interests In Subsidiaries N/A 0.00 2,000,000.00 -1,700,000.00
Repayments Of Borrowings Classified As Financing Activities N/A -2,611,800,000.00 480,800,000.00 289,000,000.00
Dividends Paid Classified As Financing Activities N/A 526,100,000.00 546,700,000.00 595,800,000.00
Cash Flows From Used In Financing Activities N/A 2,079,800,000.00 -1,051,800,000.00 92,500,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 1,631,600,000.00 -1,082,800,000.00 560,800,000.00
Cash and cash equivalents 1,057,400,000.00 2,689,000,000.00 1,566,800,000.00 2,155,100,000.00

Please note that some sums might not add up.

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Capital markets information

ISIN

IT0003242622

LEI

8156009E94ED54DE7C31

Sector

Utilities

Industry Group

Utilities

Industry

Electric Utilities

Sub-Industry

Electric Utilities

Listed Stock Exchange

Borsa Italiana

Stock Index

FTSE MIB

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