REN - Redes Energ?ticas Nacionais, SGPS, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021 at 11:29 am EST
Share
REN - Redes Energ?ticas Nacionais, SGPS, S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was EUR 201.1 million compared to EUR 176.1 million a year ago. Revenue was EUR 208.91 million compared to EUR 183.85 million a year ago. Net income was EUR 28.81 million compared to EUR 30 million a year ago. Basic earnings per share from continuing operations was EUR 0.04 compared to EUR 0.04 a year ago.
For the nine months, sales was EUR 551.36 million compared to EUR 508.87 million a year ago. Revenue was EUR 577.69 million compared to EUR 534.61 million a year ago. Net income was EUR 68.35 million compared to EUR 76.07 million a year ago. Basic earnings per share from continuing operations was EUR 0.1 compared to EUR 0.11 a year ago.
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A. 
