GEK Terna Real Estate Construction : 30 Nov IR Report 30.09.2018 download pdf
November 30, 2018 at 04:06 am EST
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Highlights
SalesChEBITDAChPBTChNet IncomeCh
1020.5
+17.6%
221.7
+2,9%
59.1
-43.8%
39.1
-33.7%
Concessions started generating long term stable income for GEK TERNA - EBITDA from Concessions at 72.8 m
Developments
Construction generating c39.2m EBITDA in 9M 2018, compared to c125.2m in 9M 2017 - backlog at c1.2 billion, soon c910m to be added
Total installed, under construction RES capacity: 1286 MW another 120 MW will soon start construction in Greece
Remaining c25% stake in Ionian & E65 to be acquired by Ferrovial soon
2
Segments - Results
million €
SALES
EBITDA
EBIT
NET INCOME bm
Segments
9M 18
9M17
Ch%
9M 18
9M 17
Ch%
9M 18
9M 17
Ch%
9M 18
9M17
Ch%
Construction
700.2
679.0
3,1%
39.2
125.2
-68,7%
32.4
110.7
-70,8%
17.4
61.4
-71,6%
Renewables
154.4
125,5
23,1%
114.1
91.9
24,2%
78.6
55.4
41,9%
20.3
9.6
112,2%
Thermal Energy
9.6
8.2
16,5%
0.7
0.7
7,3%
0.7
0.7
7,3%
-1.8
0.3
n/a
Real Estate
7,3
1.3
n/a
3.7
-1.1
n/a
3.1
-1.8
n/a
1.0
-6.4
-115,8%
Concessions
141.0
47.7
n/a
72.9
1.5
n/a
39.0
1.2
n/a
19.4
2.3
n/a
Industrial
7.9
5.9
33,9%
-2.0
-1.6
27,6%
-3.6
-2.6
39,9%
-4.4
-3.8
15,3%
Holding
0.1
0,1
n/a
-7.0
-1.1
n/a
-7.0
-1.1
n/a
-12.9
-4.5
n/aTotal1020.5
867.6
17,6%
221.7
215.5
2,9%
143.3
162.5
-11,8%
39.1
58.9
-33,7%
n/a = non applicable
3
Segments - Highlights
Concessions
Increased stake in Motorways - now at c75% in Ionian & E65, generating stable, long term income for GEK TERNA - Kastelli Airport will boost the portfolio
Construction
Strong profitability in 9M - Backlog at c1.2 billion - 0.9 billion expected to be signed soon
RealEstate
c80m targeted disposal in Bulgarian asset
4
Segments - Highlights
Thermal Energy
Financial performance stable - Promising outlook in supply
Renewable Energy
986 MW installed - 301 MW currently under construction/ready to build
Mining
Still c20m to complete investments in Magnesite mine
5
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Disclaimer
GEK Terna Holding Real Estate Construction SA published this content on 30 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 November 2018 09:06:02 UTC
GEK TERNA Holdings, Real Estate, Construction S.A. is a holding company organized around 5 areas of activity:
- electricity production (73,1% of net sales): from renewable energies and from natural gas ;
- infrastructure construction (21.3%): power plants, highways, etc.;
- infrastructure management under concession agreements (5.1%): highways, parking lots, etc.;
- production of industrial facilities and construction materials (0.4%): pylons, struts, wood constructions, cements, etc. ;
- real estate development and property management (0.1%).
Net sales are distributed geographically as follows: Greece (93.2%), Balkans (5.3%), Eastern Europe (0.8%) and others (0.7%).
GEK TERNA HOLDINGS, REAL ESTATE, CONSTRUCTION S.A. 
