Terna - Rete Elettrica Nazionale Società per Azioni reported earnings results for the first half of 2018. The company reported net income is up at EUR 360 million, while group CapEx stands at EUR 338 million, respectively, 3% and 4% more versus previous year. Total revenues in the first 6 months of 2018 increased by 3.3%, reaching EUR 1,080 million, up by EUR 35 million compared to the same period of last year, of EUR 979 million related to regulated activities, EUR 95 million to non-regulated activities and EUR 6 million to international operations. The group EBITDA reached about EUR 815 million, EUR 20 million better than last year. EBIT reached EUR 548 million, 2.5% than first half 2017. As a result, after the exclusion of about EUR 2 million of minorities, group net income reached EUR 360 million, EUR 9 million better than last year. Net debt at the end of the period was EUR 7,896 million, EUR 99 million higher than 2017 year-end. Operating cash generation for about EUR 600 million.

The company expects full year 2018 total group CapEx guidance at about EUR 1.1 billion. For the full year, the company expects a normalized tax rate around 29% to 30%.