Brief: REN Sees Investments Of Between 1.5-1.7 Bln Euros In 2024-2027

REN Redes Energeticas Nacionais SGPS SA

13/05/2024 10:07

May 13 (Reuters) - REN Redes Energeticas Nacionais SGPS SA  RENE.LS :
    * BETWEEN 1.5-1.7 BILLION EUROS TO BE INVESTED IN 2024-2027
    * SEES ANNUAL AVERAGE DOMESTIC ELECTRICITY INVESTMENT BETWEEN 240-280 MILLION EUROS/YEAR IN
2024-27
    * OF THE 2024-2027 INVESTMENT, 65% WILL BE IN ELECTRICITY, 25% IN GAS AND 10% IN
INTERNATIONAL
    * SEES ANNUAL AVERAGE INVESTMENT IN GAS INFRASTRUCTURE BETWEEN 105-115 MILLION EUROS/YEAR IN
2024-27
    * ON TRACK TO CONNECT PORTUGAL'S FIRST BIOMETHANE PLANTS TO GRID THIS YEAR
    * INCRESES DIVIDEND PER SHARE 2% PER ANNUM UNTIL 2027
    * SEES AVERAGE RAB AT REFERENCE COSTS BETWEEN 3.6-3.7 BILLION EUROS IN 2027
    * SEES 2027 DIVIDEND OF 0.163 EUROS PER SHARE
    * SEES 1% PER YEAR RAB GROWTH DURING 2023-2027 PERIOD
    * SEES ANNUAL AVERAGE EBITDA BETWEEN 500-540 MILLION EUROS IN 2024-27
    * SEES ADJUSTED ANNUAL AVERAGE NET PROFIT IN 2024-2027 BETWEEN 105-120 MILLION EUROS
    * SEES 2024-2027 NET DEBT OF BETWEEN 2.6 AND 2.5 BILLION EUROS
    * SEES ANNUAL AVERAGE CAPEX IN 2024-2027 BETWEEN 350-450 MILLION EUROS

Source text: https://tinyurl.com/ybu5phr5
Further company coverage:  RENE.LS 

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