Terna also highlighted the authorization of the Adriatic Link project and the financing agreement for the Tyrrhenian Link project. The company's revenue and EBITDA rose by 20% and 26% respectively, while net income saw a 34% increase to €268 million. Group capital expenditures (CapEx) were up 53% at €483 million, and net debt was reported at €10.6 billion.

Key Takeaways

• Terna's investments for its 2024-2028 industrial plan have increased by 65% to €16.5 billion.

• The company authorized the Adriatic Link project and secured financing for the Tyrrhenian Link project.

• Two successful bond issues were launched: a fixed-rate bond and a hybrid green perpetual bond, each worth €850 million.

• Terna reported a 20% increase in revenues and a 26% rise in EBITDA, with net income growing by 34% to €268 million.

• The company confirmed its 2024 financial guidance, reflecting confidence in its business strategy.

Company Outlook

• Terna has confirmed its financial guidance for 2024 based on strong performance in the first quarter.

• The company's strategic investments are aimed at enhancing grid resilience and energy continuity.

Bearish Highlights

• No specific bearish highlights were mentioned in the earnings call summary.

Bullish Highlights

• Strong growth in all profit and loss (P&L) lines, indicating robust financial health.

• Successful bond issues reflect positive market confidence and demand for Terna's financial instruments.