R

REN Redes Energeticas Nacionais SGPS S A
XMUN:RN4

Watchlist Manager
REN Redes Energeticas Nacionais SGPS S A
XMUN:RN4
Watchlist
Price: 3.36 EUR 1.82% Market Closed
Market Cap: 2.2B EUR

REN Redes Energeticas Nacionais SGPS S A
Investor Relations

In the heart of Portugal's energy infrastructure stands REN - Redes Energéticas Nacionais SGPS S.A., a stalwart orchestrating the symphony of electricity and natural gas throughout the nation. Established with a mandate to ensure seamless energy flow, REN operates the backbone of the Portuguese energy system, managing both the National Electricity Transmission Network and the high-pressure natural gas transport infrastructure. From its headquarters in Lisbon, REN navigates the labyrinthine challenges of energy transmission, ensuring stability and reliability in a sector that demands precision. The company's vigilant oversight guarantees that electricity and gas traverse the arteries of Portugal with minimal interruption, showcasing a deep-rooted commitment to energy security.

Monetization, for REN, emerges from a well-calibrated blend of regulated revenues, primarily derived from tariffs set by the Portuguese energy regulator. These tariffs grant REN a stable income while incentivizing efficiency and network improvements. Beyond the traditional realm of energy transmission, REN strategically diversifies into ancillary services and consultancy, ensuring it stays nimble amidst evolving market dynamics. The company also invests in international ventures, seeking growth and exposure outside the Portuguese borders. By combining operational excellence with strategic foresight, REN not only profits from its infrastructure management but also positions itself as a forward-thinking entity in the ever-evolving energy landscape.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Jul 24, 2025
AI Summary
Q2 2025

Stable EBITDA: EBITDA for the first half was EUR 256.6 million, largely unchanged from last year and in line with expectations.

Net Profit Surge: Net profit rose 35%, mainly due to positive tax effects, including recurring incentives and tax recoveries.

CapEx Growth: Capital expenditure is increasing and expected to continue rising this year, despite some delays in project licensing, especially in solar.

Debt Management: Net debt decreased slightly, standing out versus peers, and average cost of debt has slightly declined and stabilized at just below 2.7%.

Regulatory Progress: REN was appointed as the provisional entity responsible for hydrogen infrastructure planning, and positive regulatory signals support further investment.

Operational Highlights: Electricity consumption increased 2.2% (or 2% after adjustments); gas consumption for power generation jumped 153.5% due to higher use of natural gas after a major blackout.

Guidance Affirmed: Company remains on track with its business plan and expects further CapEx growth, with stable to positive outlook for returns and financial performance.

Key Financials
EBITDA
EUR 256.6 million
Average Cost of Debt
slightly below 2.7%
Electricity Consumption Growth
2.2% increase (2% after adjustment)
Renewables Share (Electricity Mix)
77.3%
Electricity Imports from Spain
10%
Electricity Generation from Natural Gas
10%
Other Earnings Calls

Management

Contacts

Address
Lisbon
Avenida dos Estados Unidos da America, 55
Contacts
+351210013500
www.ren.pt