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Ternienergia SpA (TRNI.MI)

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Latest Key Developments (Source: Significant Developments)

Italeaf: Ternienergia signs a contract in Tunisia with STEG
Thursday, 23 Mar 2017 09:06am EDT 

Italeaf SpA : Ternienergia signed contract worth of about $ 12.5 million for construction in Tunisia of industrial scale photovoltaic plant for total capacity of 10 mwp, on behalf of S.T.E.G. .Ternienergia's order includes full EPC (engineering, procurement and construction) activity, with supply of PV modules and inverters.  Full Article

TerniEnergia FY revenue down 77 pct at EUR 86.1 mln
Wednesday, 15 Mar 2017 09:32am EDT 

TerniEnergia SpA : FY net profit 1.1 million euros ($1.17 million) versus 2.5 million euros a year ago . FY revenue 86.1 million euros versus 368.7 million euros a year ago .The decrease in FY revenue compared to the previous year is attributable to the significant reduction in the energy management business, resulting by the exit from the consolidation scope of Free Energia, pending the acquisition of a target company operating in the same sector.  Full Article

Ternienergia forms with Roma Gas & Power joint venture Ant Energy Srl
Monday, 5 Dec 2016 02:40am EST 

Ternienergia SpA : Said on Monday it formed with Roma Gas & Power a joint venture "Ant Energy Srl" for integrated energy services and implementation of energy efficiency projects .The establishment of new unit follows the strategic agreement signed by the company and Rome Gas & Power on July 21.  Full Article

TerniEnergia 9-month net profit falls to EUR 0.4 mln
Friday, 4 Nov 2016 01:48am EDT 

TerniEnergia SpA : 9-month revenue 61.4 million euros ($68.12 million) versus 277.2 million euros a year ago . Says the decrease in 9-month revenue is mainly attributable to the significant contraction in energy management activity leading to the exit from the consolidation scope of Free Energia . 9-month net profit 0.4 million euros versus 3.4 million euros a year ago . Considers a substantial increase in revenues and earnings in Q4 compared with Q3 achievable .In the last quarter of the year, there will be the consolidation of the two companies Selesoft and Softeco in the digital energy sector and, at the end of the outcome of due diligence procedures, the company could also complete the acquisition of Energetic.  Full Article

TerniEnergia signs MoU to buy 51 pct stake in Energetic
Friday, 30 Sep 2016 10:47am EDT 

Ternienergia SpA : Signs Memorandum of Understanding with Driver for the acquisition of 51 percent of the share capital of Energetic . Energetic is a company active in the gas and power market, operating throughout Italy . Transaction consideration for the acquisition by TerniEnergia of a 51 percent stake in Energetic amounts to 7.3 million euros ($8.19 million), payable in cash . Transaction consideration takes into account the income from the sale of subsidiaries Mya Energia and Energetic Vendite for about 4.1 million euros .The signing of the final contract and the transfer of the ownership of the shares, is expected by the end of November.  Full Article

Ternienergia signed two contracts worth EUR 6.5 mln for the turnkey supply
Monday, 1 Aug 2016 10:14am EDT 

Ternienergia Spa : Signed two contracts with Numanova SpA for the turnkey supply of two plants for the production of metal powders .The contracts are worth overall 6.5 million euros ($7.26 million) and are expected to be completed in the second half of 2017.  Full Article

Ternienergia signed a MOU for acquisition of 100% of Softeco-Sismat and Selesoft Consulting
Friday, 29 Jul 2016 11:04am EDT 

Ternienergia SpA : Signed a MOU with Ingefi SpA and B.Soft Srl for acquisition of 100 percent of share capital of Softeco-Sismat Srl and Selesoft Consulting Srl .Deal consideration amounts to 3 million treasury shares of TerniEnergia to be listed on the STAR segment of the Italian Stock Exchange until February 28, 2017 and 2.3 million euros ($2.57 million) to be paid in cash in two phases (Euro 1 million by November 30, 2017 to Ingefi SpA and Euro 1.3 million to B.Soft by March 31, 2018.  Full Article

Ternienergia H1 net profit down to EUR 1.1 mln
Friday, 29 Jul 2016 08:15am EDT 

Ternienergia SpA : H1 net profit 1.1 million euros ($1.22 million) versus 1.5 million euros a year ago .H1 revenue 50.5 million euros versus 151.3 million euros a year ago.  Full Article

Italeaf: Alliance between TerniEnergia and Roma and Gas & Power
Thursday, 21 Jul 2016 05:08am EDT 

Italeaf SpA : Italeaf: Alliance between TerniEnergia and Roma and Gas & Power to answer to the growing demand for energy efficiency in the corporate sector and public administration .The Framework Agreement will concern the development of projects, cross-selling trade, methods of energy audit, supply chain, technology options, and will enable innovative financial instruments.  Full Article

TerniEnergia signs agreement for sale of credits for EUR 1.2 mln
Friday, 8 Jul 2016 11:10am EDT 

TerniEnergia SpA : TerniEnergia and Susi Energy Efficiency Fund signed an agreement for the sale of credits for 1.2 million euros ($1.32 million) .The agreement provides for the sale, without recourse formula, of a TerniEnergia's loan portfolio arising from private contracts.  Full Article

More From Around the Web

BRIEF-Italeaf: TerniEnergia acquires order worth $12.5 mln in Tunisia

* TerniEnergia acquired order worth $12.5 million in Tunisia Source text for Eikon: Further company coverage: (Gdynia Newsroom)