Financial News

Financial News

20Feb 2018
  • Stefano Neri takes office as Deputy Chairman
  • Among the main national experts in the aeronautical sector, Mr. Grasso will lead the company in the new configuration of aeronautical and institutional security sector player

Skyrobotic, a company leader in the production of drones under 25 kilograms entirely Made in Italy, part of the Italeaf Group, announces that the Board of Directors today appointed Giancarlo Grasso as the new Chairman of the Company.

Mr. Grasso takes the place of Stefano Neri, Chairman of the Italeaf Group and reference shareholder of the company, who has taken on the position of Vice Chairman.

Thanksgiving Giancarlo Grasso for agreeing to take on this important new responsibility, Stefano Neri stated:

Born as a startup just 4 years ago, after leaving the early stage phase, Skyrobotic now becomes a fully fledged aeronautical company destined to lead a new season of expansion and growth in the promising sector of top-of-the-range drones for institutional security and the most advanced professional uses. We believe it is necessary to carry out this new phase with a professionalism, such as that of Giancarlo Grasso, who represents a guarantee in terms of technical skills, managerial skills and knowledge of the reference sector. We reaffirm the Group’s desire to open a season of industrial alliances and partnerships capable of responding to the institutional and private demand for drones with the highest standards of safety, performance and reliability”.

 

—————— BIOGRAPHICAL NOTES OF GIANCARCARLO GRASSO —————–

Giancarlo Grasso is one of the leading Italian experts in aeronautics and aerospace.

Born in Taranto, he graduated in electronic engineering in 1963. During his career he has held various positions in the Finmeccanica group of companies (now Leonardo), particularly in the defence electronics sector. Giancarlo Grasso, Chief Technology Officer (CTO) of Finmeccanica in the years since the group was re-launched, played a key role in coordinating the new investments in research and development decided by Finmeccanica to avoid the duplication of the past. In 1997 he became head of the avionics division of the then Alenia. Chairman of the Board of Directors of Alenia Marconi System (1999-2001), Otomelara (2001-2005) and Galileo Avionica (2001-2007), he moved to Finmeccanica in 2002, taking on the role of Central Technical Director and assuming, in 2007, the position of Senior Advisor to the Chairman and CEO, Pier Francesco Guarguagliani. From 2005 to 2007 he was CEO of Selex Sensors and Airborne Systems, while from 2009 to 2011 he was CEO of Selex Communications. From 2014 to 2016 he was Chairman of Alenia Aermacchi.

 

————————————–WHO’S WHO—————————————

Skyrobotic S.p.A. is the Italian leading company in the field of UAV (drones) production. Established in December 2013, it is part of Italeaf group, working on the development, manufacturing and marketing og civil and commercial drones, mini and micro classes for the professional market. With a constant focus on innovation, the company aims to achieve leadership in the professional sector of unmanned aircraft, taking care of the whole industrial chain: from design to the system integration, till the production of reliable and effective platforms.

CS_Skyrobotic_GRASSO-ENG_20-02-2018

20Feb 2018
  • Certification allows Skyrobotic to get out of the early-stage phase and open up to industrial partnerships and alliances.
  • New opportunity for the company to enter in the institutional security market
  • ENAC (Italian National Civil Aviation Authority) has awarded the Italian manufacturer the project certification according to art. 10.6 of the SAPR Regulation.
  • Acknowledged the safety and reliability standards of aircraft systems entirely “Made in Italy”, already certified EN9100 and ENAC 10.5
  • From now the operators in the professional, commercial and security sectors will be able to use drones on urban areas for specialised operations
  • Decisive investments in research and development carried out at the Nera Montoro (TR) plant

 

Skyrobotic, a company leader in the production of drones under 25 kilograms entirely Made in Italy, part of the Italeaf Group, announces that the company has obtained “project certification pursuant to art. 10.6 of the SAPR regulation” from the Italian National Civil Aviation Authority (ENAC) for the SR-SF6c system. The certification requires a primary control and control system whose software complies with the aeronautical standards specified in the EUROCAE ED-12 specification at least at design reliability level D.

“With the certification 10.6 – explains Stefano Neri, Chairman of Skyrobotic and Italeaf Group – the company leaves the early stage phase, after having passed the start-up phase, and becomes a national reference point for the opening of partnerships and industrial alliances aimed at creating an Italian chain of the high end drones sector. Skyrobotic, in fact, has decided to operate in a nascent market that is highly professionalized and requires the highest standards and requirements of reliability and safety. With this recognition we qualify our company as the reference production operator for the “safety” (environmental and worker safety, industrial inspections, inspections and surveys of industrial and energy production plants) and “security” sectors (citizens’ safety, urban and extra-urban security for specialized companies and law enforcement or prevention forces).

Skyrobotic drones had already received from the Civil Aviation Authority project certification for series production pursuant to art. 10.5 of the SAPR regulation, which allowed operators to use drones, subject to authorisation by the competent Authority, in urban scenarios with safety restrictions.

“This type of certification will allow the APRs (drons) Skyrobotic to fly over urban areas in VLOS (Visual line of sight) conditions – says the Vice President, Giancarlo Grasso -. This is the maximum safety recognition provided by national regulations for professional drones, which will allow operators who choose our systems to be able to fly over urban areas or congested areas in complete safety and in full compliance with industry regulations. Thanks to the investments in research and development carried out at the Nera Montoro (TR) plant, we make a real leap in quality, opening up to Italian operators, both public and private, the possibility of using drones weighing less than 25 kg produced in series also for operations involving overflying of inhabited centres, communication and logistic infrastructures, industrial settlements, areas used for events and exhibitions. Therefore, new scenarios are opened up for aerial work with remote pilotage systems, reducing bureaucracy for operators, increasing safety conditions and guarantees for those in the area interested by overflight operations, implementing new turnkey solutions”.

With the achievement of certification, Skyrobotic crowns a successful path in the pursuit of the most important sector qualifications: from the certification of aeronautical standard EN-9100 for the Nera Montoro (TR) plant, to the possibility of issuing project conformity certificates according to the art. 10.5 of the Civil Aviation Authority regulation, up to this last recognition, which marks a turning point for the entire Italian professional drones sector.

With its own bouquet of qualifications, Skyrobotic takes the lead in the national producers’ sector, anticipates regulatory developments at European level and represents the ideal answer for leading operators in the professional, commercial, physical security and cybersecurity sectors at international level.

Finally, the certification pursuant to art. 10.6 of the SAPR regulation is an indispensable condition for participation in tenders and tenders promoted by the main public apparatus for order and safety.

 

————————————–THE APR CERTIFIED————————————–

The SR-SF6c drone is a multi-role system that offers state-of-the-art performance for multiple applications. It is a multirotor entirely “Made in Italy” (hexacoptera – six propellers and engines) with a take-off mass (including payload) of about 5.5 kg. The apparatus is able to ensure a considerable duration of flight (approximately 40′ flight time) and is capable of operating in a temperature range between -15° and +50°C. Skyrobotic has developed proprietary technologies and maintains the complete engineering design domain in aeronautical, avionics, hardware and software parts.

 

————————————–WHO’S WHO—————————————

Skyrobotic S.p.A. is the Italian leading company in the field of UAV (drones) production. Established in December 2013, it is part of Italeaf group, working on the development, manufacturing and marketing og civil and commercial drones, mini and micro classes for the professional market. With a constant focus on innovation, the company aims to achieve leadership in the professional sector of unmanned aircraft, taking care of the whole industrial chain: from design to the system integration, till the production of reliable and effective platforms.

Press-release_SKY-ENAC-20-02-2018

30Jan 2018
  • The agreement for a total value of approximately Euro 2 million will involve the Group’s digital company in a two-year project to reorganise the Villa San Giovanni port terminal and build a new plant in Villa Agip.
  • I twill be provided for the implementation of ticket sales and automatic toll payment systems and the integration of vehicle access control systems.
  • Recognized the efficiency of the Adverto remote control platform, proprietary multi-role technology, as well as the Group’s experience in the Smart Solutions and Services sector

 

TerniEnergia, a company listed on the Star segment of the Italian Stock Exchange and part of the Italeaf Group, announces that the Group’s digital company Softeco Sismat has today signed a contract with Caronte & Tourist, leader in maritime connections to and from Sicily to Central Italy, for the development of a project to reorganise the Villa San Giovanni port terminal and the construction of a ticketing system at Villa Agip and connected automation.

The contract provides solutions for ticketing, payment of tolls (smart payment) and access control for vehicle routing for a total amount of approximately Euro 2 million.

The CEO of Softeco Sismat and Executive Director of TerniEnergia, Laura Bizzarri, said:

“The award of the contract with a client qualified as Caronte & Tourist, with one of the most efficient fleets in Europe, testifies to the acknowledged competence of the TerniEnergia Group as “technological enabler” in the Smart Solutions and Services sector for the smart mobility sector, as stated in the strategic guidelines presented to the market on 29 September 2017”.

The solutions developed by Softeco Sismat and based on the Adverto remote control system, the Group’s proprietary technology, which has already been consolidated and operational for over 10 years in heterogeneous application contexts, envisage the activation of ticket sales systems for travel tickets, automatic payment of tolls and integrate complex access and transit management systems and automatic control of technological systems on field. All the systems in place will be integrated into a single remote control platform that will allow automatic interaction between them and monitoring of the entire system.

The aim of the project is to automate and speed up toll payment and embarkation processes, thereby optimising resources and operational management costs.

All the technological components proposed in the project by Softeco Sismat, which has been operating for over 30 years in the industrial automation sector, are positioned as leading technologies in the national and international field for this type of application.

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into two straegic business units (Assets and Smart solutions and services), with about 400 employees and a geographic presence in almost the continents, with operational and sales offices,

TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector. TerniEnergia, also through its subsidiaries (Softeco Sismat, Selesoft Consulting, Greenled Industry,GreenAsm, Wisave, Ant Energy), shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids. TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

 Press-release_TE-CARONTE_30-01-2018

12Jan 2018
Filippo Calisti
  • Paolo Allegretti resigns from Chief Financial Officer, manager in charge of preparing the company’s financial reports and IR manager, due to his new commitments as Executive Officer

TerniEnergia, a company listed on the Star segment of the Italian Stock Exchange and part of the Italeaf Group, announces that today the executive director Mr Paolo Allegretti has resigned with immediate effect from the office of Chief Financial Officer and manager responsible for preparing the company’s financial reports. In accordance with the requirements of the Market Regulations of Borsa Italiana, Paolo Allegretti holds 7,777 shares in TerniEnergia SpA.

The Board of Directors of TerniEnergia, under the chairmanship of Stefano Neri, has appointed Mr. Filippo Calisti as the new Chief Financial Officer and manager in charge of preparing the company’s financial reports, with immediate effect.

Filippo Calisti, 41, graduated in Economics at LUISS Guido Carli in Rome in 2001, has experience in administration, finance and control within the Group. He began his career at PriceWaterHouseCoopers as auditor until 2010, and then worked as CFO in TerniGreen, a company listed on the AIM market of the Italian Stock Exchange until 2012. From 2014 until today he has been Chief Financial Officer of Italeaf SpA, a company listed on the NASDAQ First North market of the Stockholm Stock Exchange.

Based on the communications made to the Company and the public, Filippo Calisti holds n. 38.270 shares in TerniEnergia SpA.

Press-release_TE-CFO_12-01-2018

12Jan 2018
  • Filippo Calisti leaves Italeaf to join TerniEnergia SpA as new CFO

 

Filippo Calisti, Group CFO, has decided to leave Italeaf to join TerniEnergia, listed on STAR segment of Borsa Italiana, as new CFO and manager responsible for preparing the company’s financial reports. Mr Calisti works for Italeaf since 2012 and has held since 2014 the position of CFO. He ended his employment with Italeaf immediately.

The board of directors of Italeaf, holding company and first Italian company builder active in cleantech and smart innovation sectors, listed on on NASDAQ OMX First North, has appointed today Mr. Claudio Borgna as new CFO.

Borgna, born in Terni in 1977, joined the Group in 2008 and he served in the finance, taxes and administration department after financial and administrative consultancy experiences for various joint stock companies. He received a Degree in economics from University “La Tuscia” Viterbo.

Press-release_CFO_12-01-2018

08Jan 2018
  • The deeds of sale to Genera SpA of a lighting saving system for a cement factory in Sicily and the energy saving worksite of a building in Turin were finalized and signed
  • The disposals provide for a consideration of Euro 480 thousand (Sicily) and Euro 1.7 million (Turin), including Euro 1 million in trade payables and Euro 170 thousand for work still to be carried out

 

TerniEnergia, a company listed on the Star segment of the Italian Stock Exchange and part of the Italeaf Group, announces that it has finalised and signed all the deeds relating to the sale of two energy efficiency interventions to Genera SpA, a 51% subsidiary of Genera Group Holdings B. V. and 49% owned by the IKAV Investments fund) active in investments in the energy efficiency sector.

The two efficiency interventions transferred are related to the following:

– a lighting system of about 3,800 new high performance lighting points, with savings of over 1.1 GWh/year, realized on behalf of a cement factory in Sicily, already in operation;

– an intervention, almost completed, which involved the requalification of a historic building of about 12,500 square meters in the heart of Turin, with the renovation and insulation of the roof, the replacement of windows, the installation of an air conditioning system, the implementation of a new LED lighting system, the construction of an access control system, the installation and management of a Building Management System (BMS) for the integrated management of all services.

The sale price of the first intervention amounts to Euro 480 thousand, and will be cash-settled by the current month of January.

The second deed of sale provides for a price of Euro 1.7 million, which will be paid, for approximately Euro 1 million, through the assumption of payables to suppliers operating at the Turin worksite, for Euro 170,000 for works still to be carried out, which will be directly carried by the purchaser, and finally for Euro 528,000, paid in cash, of which Euro 385,000 by the current month of January, and Euro 71,500 at the plant test (and in any case no later than 15 April 2018) and the remaining Euro 71,500 at 12 months after the final test.

The deeds provide that the transfer shall take effect from 29 December 2017.

For TerniEnergia, the transaction represents a new, significant step of the transitional and financial tension management for the Group’s strategic repositioning, already announced to the market on 24 October 2017, and which envisages the sale of non-strategic assets, mainly linked to the core activities of the recent past, in order to encourage the focus on activities with a higher technological added value.

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into two straegic business units (Assets and Smart solutions and services), with about 400 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector.

TerniEnergia, also through its subsidiaries (Softeco Sismat, Selesoft Consulting, Greenled Industry,GreenAsm, Wisave, Ant Energy), shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids.

TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

Press-release_TEEFFEN_08-01-2018

22Dec 2017
  • The director Fabrizio Venturi leaves the company
  • Cooptated in the role of Executive Director Dr. Paolo Allegretti, with organisational and business development delegated powers

 

TerniEnergia, a company listed on the Star segment of the Italian Stock Exchange and part of the Italeaf Group, announces that today the non-executive Director, Dr. Fabrizio Venturi, resigned from office for personal and professional reasons. The early termination of the office of Dr. Venturi will not result in the Company receiving any further indemnities.

Accepting his resignation, the Board of Directors, with Stefano Neri’s chairmanship, expressed heartfelt thanks to Dr. Venturi for the commitment he has shown in favour of the Company and for the contribution he made during the period in which he held the position of Director.

The Board of Directors, with the favourable opinion of the Board of Statutory Auditors, resolved to appoint Dr. Paolo Allegretti as a new director of the Company by co-optation, classifying him as “non-independent”, in accordance with the applicable regulatory provisions. The director thus appointed, who will remain in office until the next Shareholders’ Meeting, on the basis of the information available to the Company, holds 7,777 shares in TerniEnergia S. p. A..

The Board then proceeded with the attribution of powers and powers to the new Executive Director.

In particular, the Director Paolo Allegretti, in addition to legal representation, as per the Articles of Association, and all the powers for ordinary administration, with a limit of Euro 1 million per transaction, is granted, among others, the proxies relating to:

  • management, through supervision, guidance and control of staff functions such as general, legal, compliance, administration and finance, planning and control, business development and quality;
  • development and evaluation of new business and financial opportunities, ensuring analysis of the opportunities and constraints arising from changes in international and national regulations, as well as the impact of these new opportunities and the associated risks on the Group’s economic and financial performance.

Profile of the new Executive Director

Paolo Allegretti

Graduated in Economics and Business at the University “La Sapienza” of Rome, he holds a master’s degree in Administration, Finance and Control. After working as a Business Consultant and sales manager, he became responsible for management control in the pharmaceutical company Keryos, based in Milan. Since 2008 in TerniEnergia, he has been responsible for planning and control, CFO and Investor Relations Manager of the Company. Since 2010, he has been a Director and Sole Director of some Group companies operating in the renewable energy sector.

Paolo Allegretti’s complete curriculum vitae is available on the Company’s website at www.ternienergia.com

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into two straegic business units (Assets and Smart solutions and services), with about 400 employees and a geographic presence in almost the continents, with operational and sales offices,

TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector. TerniEnergia, also through its subsidiaries (Softeco Sismat, Selesoft Consulting, Greenled Industry,GreenAsm, Wisave, Ant Energy), shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids. TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

Press-release_TE-CDA-2017-12-22

18Dec 2017
  • The proposal concerns some of the non-strategic assets owned by the subsidiary SPVs Energia Alternativa, Soltarenti, Guglionesi and Solter
  • The proposal concerns 17 photovoltaic plants with a total installed capacity of 16.8 MW
  • The transaction envisages the acquisition by the buyer of financial debts linked to the plants for a maximum of Euro 41.7 million.
  • The Board of Directors has given the green light to finalize the transaction

 

TerniEnergia, a company listed on the Star segment of the Italian Stock Exchange and part of the Italeaf Group, announces announces that it has received from a leading international investment operator in the photovoltaic sector a binding offer for the purchase of some photovoltaic plants for a total of 16.8 MW, owned by the SPVs (Special purpose vehicle) Energia Alternativa Srl, Soltarenti Srl, Guglionesi Srl and Solter Srl.

The transaction, from which  is expected a maximum total encashment of approximately Euro 16.6 million, also envisages the assumption by the buyer of financial debts linked to the plants for a maximum total of approximately Euro 41.7 million.

The signing-date of the transaction is expected by 31 January 2018, while payment will be made at the time of closing. The closing of the transaction is subject, among other conditions, to formal acceptance by the shareholders of the SPVs and to obtaining (when necessary) the consent of credit institutions, in the form of waivers, to the sale of photovoltaic assets. The closing is also subject to other technical and financial conditions typical of this type of operation.

The expected encashment for TerniEnergia at the time of closing may correspond to the total final consideration, net of approximately 1.5 MWp out of the total of 16.8 MWp. This is due to past credits that the Company has from the shareholders of some of the SPVs owner of the plants involved in the transaction.

The Board of Directors today resolved to proceed with the finalisation of the transaction by granting mandate to the Chairman and Chief Executive Officer Stefano Neri to proceed with the further stages of the transaction, including the closing.

For TerniEnergia, the transaction represents an important step forward in the transition phase for the Group’s strategic repositioning, already announced to the market on 24 October 2017, and which envisages the sale of non-controlling equity investments in non-strategic photovoltaic plants, mainly linked to the core activities of the recent past.

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into two straegic business units (Assets and Smart solutions and services), with about 400 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector. TerniEnergia, also through its subsidiaries (Softeco Sismat, Selesoft Consulting, Greenled Industry,GreenAsm, Wisave, Ant Energy), shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids. TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

Press-release_TE-asset-2017-12-18

04Dec 2017

 

  • The explanatory notes to the consolidated half-yearly report at 30 June 2017 are supplemented
  • Unchanged economic and financial results
  • Elected the chairmen of the Control and Risks and Related Parties Committees

 

The Board of Directors of TerniEnergia, a company listed on the Star segment of the Italian Stock Exchange and part of the Italeaf Group, met under the chairmanship of Stefano Neri, reapproved the Half-Yearly Financial Report at 30 June 2017.

Taking into account the events that occurred following September 28, 2017, as well as the requests received from Consob pursuant to Article 114, paragraph 5, of the TUF on November 8,2017 and the press release issued on November 10, 2017, it was considered appropriate to update and supplement the information previously contained in the half-yearly financial report, with particular reference to the assessments of directors on going concern.

The economic and financial results achieved by the Company at consolidated level in the period ended June 30, 2017 remain unchanged from those communicated on September 28 ,2017, to which reference should be made and which are summarised below:

CONSOLIDATED RESULTS AS AT JUNE 30, 2017

Revenues amounted to Euro 40.2 million (Euro 50.5 million; -20.4%), showing the contribution of the energy management activities and of the new plants based in Tunisia and in Zambia, and the revenues attributable to e energy efficiency project of Copernico Torino.

EBITDA amounted to Euro 6.8 million, showing a decrease (-28.2%) compared to June 30, 2016 (Euro 95 million) with Ebitda Margin equal to 17% (18.8% as at 06/30/2016).

Net operating income (EBIT) amounted to Euro – 6.2 million (Euro 5.9 million as at June 30, 2016), after depreciation, amortization and write-downs of Euro 13 million. The depreciation is largely attributable to the suspension of EPC’s activities, resulting from the choices made by previous management and partly to the alignment of the impairment of an asset.

Net profit amounted to Euro – 6.5 million (1.1 million at June 30, 2016).

The net financial position amount to Euro 87.5 million (in reduction compared to Euro 93.9 million as at 12/31/2016).The non-current NFP is Euro 76.6 million, while the net financial position in short term amounted to Euro 10.9 million. The NFP/Net equity ratio equal to 1.62x (1.63x as at 12/31/2016).

The Net Equity amounted to Euro 54.1 million (Euro 57.5 million at 12/31/2016).Net equity takes into account the treasury shares held in portfolio, which amounted to No. 1,012,998 (2.15% of the Share Capital).

The Half-Yearly Financial Report at 30 June 2017, approved by TerniEnergia’s Board of Directors on 1 December 2017 – together with the Report containing the opinion of the Independent Auditors – will be published today on the authorized storage mechanism “1INFO (www.1info.it) and on the Company’s website www.ternienergia.com (Investor Relations section).

 

Declaration pursuant to Article 154-bis, paragraph two, of the Consolidated Finance Act

The Officer responsible for the preparation of the corporate accounting documents, Mr Paolo Allegretti, declares, pursuant to paragraph 2, art. 154-bis of the Consolidated Financial Act, that the accounting information that is contained in this press release correspond to the documentary results, the accounting books and records

 

COMMITTEES

TerniEnergia announces that the Related Parties Committee has elected the independent director Stefania Bertolini as Chairman. The Related-party Committee is composed as follows: Stefania Bertolini (Chairman), Mario Molteni, Paolo Migliavacca. The Control and Risk Committee elected Paolo Migliavacca, the independent director, as Chairman.  The Control and Risk Committee is therefore composed as follows: Paolo Migliavacca (Chairman), Stefania Bertolini, Mario Molteni.

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into two straegic business units (Assets and Smart solutions and services), with about 400 employees and a geographic presence in almost the continents, with operational and sales offices,

TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector. TerniEnergia, also through its subsidiaries (Softeco Sismat, Selesoft Consulting, Greenled Industry,GreenAsm, Wisave, Ant Energy), shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids. TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

press-release_te-1h17riapp-2017-12-04

 

27Nov 2017

The board of directors of Italeaf, holding company and first Italian company builder active in cleantech and smart innovation sectors, listed on on NASDAQ OMX First North, has taken note of the decision of the Chairman and Chief Executive Officer Stefano Neri to refer its powers back to the Board, in view of the greater commitments undertaken in the subsidiary TerniEnergia SpA.

The responsibilities of the overall governance of the Company and the Group with powers of ordinary administration, with the attribution of corporate signature and legal representation, remain with the Chief Executive Officer Monica Federici.

press-release_cdaita-2017-11-27