Gek Terna Holdings, Real Estate, Construction S.A. Reports Earnings Results for the Nine Months Ended September 30, 2020
December 14, 2020 at 11:09 am EST
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GEK TERNA Holdings, Real Estate, Construction S.A. Announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was EUR 723.2 million compared to EUR 837.9 million a year ago. Operating income was EUR 126.3 million compared to EUR 124.9 million a year ago. Net income was EUR 48.4 million compared to EUR 53 million a year ago.
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%).