Ren - Redes Energéticas Nacionais, Sgps, S.A. Reports Earnings Results for the Full Year Ended December 31, 2020
March 17, 2021
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REN - Redes Energéticas Nacionais, SGPS, S.A. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was EUR 758.333 million compared to EUR 786.763 million a year ago. Operating income was EUR 228.869 million compared to EUR 250.372 million a year ago. Net income was EUR 109.249 million compared to EUR 118.899 million a year ago. Basic earnings per share from continuing operations was EUR 0.16 compared to EUR 0.18 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. 
