DOW JONES NEWSWIRES
Terna SpA (TRN.MI), Italy's biggest power grid by capacity, said
late Wednesday its Ebitda--earnings before interests, taxes,
depreciation and amortization--rose nearly 18% on higher
revenue.
In a filing to the Italian stock exchange, the company said that
according to its 2009 preliminary figures, Terna's Ebitda rose to
approximately EUR1 billion from EUR850 million a year ago.
Consolidated revenue exceeded EUR1.35 billion, up 13% from
EUR1.2 billion, the company added.
Terna's investments in 2009 rose 18% to EUR900 million boosting
its net debt, which jumped to EUR3.8 billion at the end of December
compared with EUR2.95 billion reported at the end of 2008.
The company also said its board has decided to launch EUR1.5
billion worth of bonds in a single or several issuances by March
31, 2011. The bonds, which will have a maturity of 30 years
maximum, will be intended for qualified investors in Italy and/or
abroad in public or private placements.
Terna is scheduled to present its new strategy plan in Rome on
Thursday.
Exchange Web site: www.borsaitaliana.it
-By Enza Tedesco, Dow Jones Newswires;
enza.tedesco@dowjones.com