H1 2021 results were up considerably YoY
Iren posted a good increase YoY, bang in line with our expectations: revenues grew by c.10% in H1 2021 YoY, EBITDA 9%, EBIT 8%, net income 46%, and net debt was almost stable vs. the level at end-2020. Net income benefited from one-offs: EUR32m from a fiscal measure (law 104/2020) and EUR13m from the optimisation of Unieco''s debt. The main growth drivers were: higher electricity prices (c+108% YoY) and demand (c+7%), co-generative production (c+11%), RA ....
03 Aug 2021
FY guidance finetuned, new business plan in November
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FY guidance finetuned, new business plan in November
- Published:
03 Aug 2021 -
Author:
Michi Dario DM -
Pages:
7
H1 2021 results were up considerably YoY
Iren posted a good increase YoY, bang in line with our expectations: revenues grew by c.10% in H1 2021 YoY, EBITDA 9%, EBIT 8%, net income 46%, and net debt was almost stable vs. the level at end-2020. Net income benefited from one-offs: EUR32m from a fiscal measure (law 104/2020) and EUR13m from the optimisation of Unieco''s debt. The main growth drivers were: higher electricity prices (c+108% YoY) and demand (c+7%), co-generative production (c+11%), RA ....