REN - Redes Energéticas Nacionais, SGPS, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 10:48 am EST
Share
REN - Redes Energéticas Nacionais, SGPS, S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 193.39 million compared to EUR 201.1 million a year ago. Revenue was EUR 202.57 million compared to EUR 208.91 million a year ago. Net income was EUR 35.57 million compared to EUR 28.81 million a year ago. Basic earnings per share from continuing operations was EUR 0.05 compared to EUR 0.04 a year ago.
For the nine months, sales was EUR 552.45 million compared to EUR 551.36 million a year ago. Revenue was EUR 581.44 million compared to EUR 577.69 million a year ago. Net income was EUR 81.43 million compared to EUR 68.35 million a year ago. Basic earnings per share from continuing operations was EUR 0.12 compared to EUR 0.1 a year ago.
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A. 
