Income of the group headed by Beatriz Corredor, which includes the electricity grid operator in Spain, From January to September, it amounted to 1.523.03 million Euros.After showing growth in all businesses, it increased by 3.9%.
On your own behalf Redeia’s gross operating result (Ebitda) was 1,182.3 million euros as of September2.1% more than achieved in the first nine months of 2021.
Regarding investments, by September this figure reached 484.9 million Euros, an increase of 38.9% compared to the previous year.
while As of September 30, Redeia’s net financial debt stood at 4,398.1 million euros.22.1% lower than €5,647.8 million at the end of 2021.
Likewise, the board of directors of the energy company agreed to pay an interim dividend of 0.2727 euros on 9 January.
The turnover of the group headed by Beatriz Corredor and which includes the electricity grid operator in Spain, From January to September, it amounted to 1.523.03 million Euros.After showing growth in all businesses, it increased by 3.9%.
Thus, revenue (turnover and results of invested companies) amounted to €1,554.8 million, 4.8% higher than the figure recorded from January to September 2021.
The group emphasized this data shows growth in all businessesbut particularly noteworthy is the evolution of the international electrical activity and the satellite and fiber optic business.
Specifically, the revenue of Redinter, the group’s international subsidiary, experienced a 60.4% increase after the commissioning and acquisition of ARGO II due to the execution of projects in Peru and Chile due to the contribution of Argo’s results to Brazil. Due to the update of Argo IV and pricing parameters and the positive effect of the exchange rate.
Hispasat, the group’s satellite subsidiary, recorded higher sales in the telecommunications area of €6.3 million and €18.1 million due to changes in the accounting framework.
Increase your investments by approximately 39%
Regarding investments, by September this figure reached 484.9 million Euros, an increase of 38.9% compared to the previous year.
In this sense, he stressed that Red Eléctrica’s investment in the development of the transmission network in Spain amounted to 272.2 million euros, which is 9.3% higher than in the first nine months of 2021.
In telecommunication activity, investment in satellite business adds up to €118 million with acquisition of satellite company Axess Networks, the operation was carried out last August. In the first nine months of the year, investment in fiber optics was slightly higher than in the previous year.
In addition, 22.3 million was allocated to other investments, including the group’s infrastructure and investments developed by Redeia’s technological platform Elewit.
Meanwhile, Redeia’s net financial debt stood at €4,398.1 million as of September 30, 22.1% lower than €5,647.8 million at the end of 2021, mainly as a result of the sale of its 49% stake in its fiber optic subsidiary, Reintel. To KKR, which will allow it to strengthen its own funds to face the challenges of the ecological transition.