“The on-going growth of our corporate Group is confirmed by the results obtained at the end of the first 9 months of the year 2011, which point out a 18% increase of the net result (that is equal to Euro 7.8 million). Such a result has been achieved, in addition to the running of Group’s core business, through the always more significant result portion deriving from the JV plants that we wish to continue to own in the next years.  During the first quarter, the Group reviewed its strategic objectives in light of the new market conditions and it brought forward to the current year the entrance in the energy efficiency segment, through the purchase of  Lucos and the subsequent framework agreement with Cofely, a company belonging to the French GdF Suez group. Such an agreement, that has an absolute strategic value for TerniEnergia, confirms the Group’s intention to conquest a leadership in Italy in the energy efficiency segment and to remain coherent with the main directives issued by the environment European politics. Contemporaneously, TerniEnergia continues its construction activity of industrial sized photovoltaic plants in Italy, strengthening its partnerships with Italian and European utilities and, in compliance with its new strategic lines, has started the activities to construct plants abroad, notably in Greece and South Africa. The new mix of turnover will put us in a position to achieve and maintain significant marginal returns and efficiency that have been already included in the renewed industrial plan”.

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