Terna Energy posted a consolidated sales figure of 198.6 million euros for 2015 compared to 158.2 million euros in 2014, a 25.5 percent increase, the company announced in a statetement yesterday.

Income from the electricity production sector amounted to 140.3 million euros compared to 110.3 million euros in 2014, up by 27.1 percent.

Sales of the company’s division of electric energy trading amounted to 26.8 million euros. Sales of the construction division for third parties amounted to 20.2 million euros versus 35.5 million euros in 2014. In the concessions division (e-ticketing), revenues accounted for 11.3 million euros.

EBITDA amounted to 99.3 million euros compared to 74 million euros in the previous year, a 34.1 percent increase, as a result of increased installed capacity and the higher wind performance prevailing in Europe during 2015 compared to the previous year. The ΕΒΙΤ figure reached 60.3 million euros compared to 41.8 million euros, a 44.2percent increase. Earnings before tax amounted to 30.3 million euros compared to 12.1 million euros in 2014, up by 149.6 percent. Net earnings after minority interest amounted to 17.4 million euros compared to 5.8 million euros, a 198.4 percent increase.

Cash flow from operating activities before changes in working capital amounted to 103.8 million euros versus 74.7 million euros in the previous year. The group’s net debt position (bank debt minus cash & cash equivalents) at the end of the year 2015 amounted to 319.3 million euros compared to 259 million euros at the end of the previous quarter. The corporate group’s investments during the year 2015 settled at 79.7 million euros.

The management of the group will propose to the general shareholders’ meeting the distribution of dividend amounting to 0.09 euro per share.

The corporate group’s total installed capacity amounts to 664 MW. The group has installations of 394 MW in Greece, 138 MW in the USA, 102 MW in Poland and 30 MW in Bulgaria. At the same time, the Group has RES installations currently under construction or ready for construction with a capacity of 274 MW, in Greece and abroad.

Overall, the company operates, is constructing or has full licensing of 938 MW of RES installations in Europe and America. The company aims to reach nearly 1,000 MW of RES projects over the next few years in all countries where it operates