Terni Energia: Net Profit 2012, a Significant Increase compared to the Result of the Third Quarter. The company awarded in Hong Kong as the Best European Energy Company for Brand Development

TerniEnergia, a company active in the renewable Energy sectors, Energy efficiency and waste management, listed on Star segment of Borsa Italiana, anticipated today, during the “Family Office Investor Day” organized by IR TOP and CEO Sim, under the patronage of Borsa Italiana that the 2012 net profit will be significantly increased compared to the net profit achieved in the quarterly report as at September 30, 2012.

Stefano Neri, Chairman and CEO, commented as follows:
We believe we can achieve a consolidated net profit of about Euro 7 million. The significant capital increase of the company, with shareholders’ equity as at 31 December 2012 amounting around Euro 47 million, net of derivatives, the utmost care to maintain the financial balance, evidenced also by the improvement of indices (NFP to short equity well below the unit), together with the achievement of important industrial results, represented the prerequisite for the achievement of a goal that we believe very satisfactory, considering the macroeconomic scenario and the euro zone crisis. Next to the completion of important PV plants working site abroad, especially in Greece, the grid connection of the biodigester of Nera Montoro, pyrogasification plant in Borgosesia, TerniEnergia has initiated a process of assets’ evaluation represented by the properties of industrial sized photovoltaic plants. A rationalization of investments considered strategic to maximize revenues from power generation and to improve operational efficiency in the management of photovoltaic plants and the energy sale “.

TerniEnergia also announced that had received at the Sheraton Hotel & Towers in Hong Kong the prestigious ” Iair Corporate Awards Energy Sector Europe ” as the best European industrial company for the promotion of the brand, with the following motivation: “Because of its rapid growth in Europe and its focus on renewable and alternative sources of energy, especially in the photovoltaic sector . TerniEnergia is a system integrator that operates through an innovative business model that provides for the integration and control of the entire industrial process”

The Iair Corporate Awards / Premio Le Fonti (www.iairawards.com) reached the third edition and represent the international recognition linked to the magazine Iair (International Alternative InvestmentReview) of Le Fonti Group.

The award ceremony took place in the presence of the highest offices of the Hong Kong Stock Exchange and Office of Tourism of the Chinese metropolis, and were awarded giants such as : UBS, DeutscheBank, China Telecom, Pantheon Ventures, HDFC Ergo General Insurance, Fort LP, China ResourcesPower, Qatar IslamicBank, China ShanshuiCement Group and Winton Capital.

IAIR ASWARDS was born from the scientific committee of IAIR – International Alternative Investment Review – and International Family Office Magazine, along with our team of dedicated legal, economic and financial journalists in over 50 countries worldwide. . According to Alexa – Amazon and Google Page Rankings, the Iair AWARDS are positioned in first place as they have the most qualified visitors compared to other legal and financial global awards such as: Financial Times Wealth Monitor, The Wall Street Journal’ s Financial News, Reuters Hedgeworld, Legal 500, Chambers, IFLR 100, Euromoney, Hedge Fund Review, Expert Guides.

Source: Terni Energy

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