REN - Redes Energéticas Nacionais, SGPS, S.A. Reports Earnings Results for the Nine Months Ended September 30, 2023
November 09, 2023
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REN - Redes Energéticas Nacionais, SGPS, S.A. reported earnings results for the nine months ended September 30, 2023. For the nine months, the company reported sales was EUR 662.04 million compared to EUR 552.45 million a year ago. Revenue was EUR 694.71 million compared to EUR 581.44 million a year ago.
Net income was EUR 96.24 million compared to EUR 81.43 million a year ago. Basic earnings per share from continuing operations was EUR 0.14 compared to EUR 0.12 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. 
