Terna SpA (LTS:0LBM)
€ 7.709 -0.037 (-0.48%) Market Cap: 15.52 Bil Enterprise Value: 25.78 Bil PE Ratio: 14.68 PB Ratio: 2.07 GF Score: 87/100
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Q2 2021 Terna Rete Elettrica Nazionale SpA Earnings Call Transcript

Jul 29, 2021 / 02:30PM GMT
Release Date Price: €6.73 (-0.97%)
Operator

Thank you for standing by and welcome to the Terna First Half 2021 Consolidated Results Conference Call. (Operator Instructions) I must advise you that the conference call is being recorded today, Thursday 29 July 2021.

I would now like to hand over to the speaker for today, Mr. Stefano Donnarumma, CEO. Please go ahead.

Stefano Antonio Donnarumma
Terna - Rete Elettrica Nazionale Società per Azioni - CEO, GM & Director

Good afternoon, everybody, and welcome to Terna's first half 2021 presentation. Let me start, as usual, with an overview of the Italian electricity market. As you can see in this chart, in the first 6 months of 2021, national demand was about 155 terawatt hours, an increase of 7.8% versus the same period of 2020 when national demand was about 144 terawatt hours.

Let me highlight that in the month of April, we measured the strongest increase over the last 12 months, namely about 22% compared to April 2020. This was mainly due to the impact of COVID during spring 2020. Regarding national net total production, this stood at

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