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Terna Rete Elettrica Nazionale SpA TRN.MI · EUR

Utilities · Electric Utilities · Borsa Italiana · 🇮🇹 Italy

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9.80

+0.31%

Close of 9 Nov 2026, in EUR

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About Terna Rete Elettrica Nazionale SpA

Its shares trade on Borsa Italiana under the ticker TRN.MI. It has been listed since 1 January 2004. In the fiscal year to 31 December 2025, it reported revenue of €4.03bn and net income of €1.11bn.

TERNA Rete Elettrica Nazionale SpA engages in the grid operation for the transmission of electricity. The company is headquartered in Rome, Roma. The company went IPO on 2004-01-01. The company is an independent grid operator for the transmission of electricity. The company deals with the management of electrical systems through the operation of the grid, efficiency of infrastructures and their maintenance through engineering and management of plants and grid developments. The company ensures a balance of deliveries and withdrawals between the supply of energy and consumption by end users. The firm is diversified into two operating segments. The Core Business includes the development, operation and maintenance of the National Transmission Grid (NTG) in addition to dispatching. The Non-Core Business includes specialized services provided to third parties mainly relating to systems engineering services, the operation and maintenance of high voltage plants and the housing of telecommunications equipment and optic fibre grid maintenance services.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Utilities
Industry
Electric Utilities
Listed since
1 Jan 2004
Employees
4,290
Website
terna.it ↗

Leadership

Pay as last reported

  • Mr. Igor De BiasioNon-Executive Independent Chairman of the Board€289,869
  • Ms. Giuseppina Di FoggiaChief Executive Officer, General Manager, Executive Director, since 2023€1.8m
  • Mr. Francesco BeccaliHead of Administration, Finance and Control, Chief Financial Officer
  • Mr. Daniele AmatiExecutive Vice President of People, Organization and Change
  • Ms. Nicoletta BuonomoExecutive Vice President - Internal Audit
  • Mr. Danilo Del GaizoExecutive Vice President - General Legal and Corporate Affairs
  • Mr. Francesco Del PizzoExecutive Vice President - Grid Development Strategies and Dispatching, since 2020
  • Ms. Maria GuarniereExecutive Vice President - Engineering and Project Execution
  • Mr. David MasseyExecutive Vice President - External Relations and Institutional Affairs
  • Mr. Francesco SalerniExecutive Vice President - Digital Strategy and Sustainability
  • Mr. Stefano SchiavoniExecutive Vice President - Market Solutions
  • Mr. Pier Francesco ZanuzziExecutive Vice President - National Transmission Grid, since 2023

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
92
Environment
99
Social
99
Governance
77
Direct emissions (scope 1)
79,421.8 t
Energy emissions (scope 2)
1,271,789.8 t
Value chain emissions (scope 3)
1,770,446.2 t
Women in the workforce
18.2866%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Strong Presence: Terna Rete Elettrica Nazionale SpA is a leading transmission system operator in Italy, with a vast and reliable network infrastructure.
  • Government Support: The company is backed by the Italian government, which provides stability and regulatory assistance.
  • Technological Advancement: Terna invests in advanced technologies, ensuring the efficient and secure transmission of electricity.

Weaknesses

  • High Dependency on Italy: Terna primarily operates within Italy, making it vulnerable to changes in the local market and economy.
  • Regulatory Constraints: The company is subject to strict regulations and oversight, which may impact its operational flexibility and profitability.
  • Limited Diversification: Terna's business model is heavily focused on electricity transmission, limiting its exposure to other potential revenue streams.

Opportunities

  • Renewable Energy Growth: The increasing adoption of renewable energy sources opens doors for Terna to expand its operations and support the integration of clean energy into the grid.
  • International Expansion: Terna can explore opportunities to expand its transmission infrastructure beyond Italy, capitalizing on international energy projects and partnerships.
  • Grid Modernization: As the demand for electricity grows, Terna can invest in grid modernization efforts, including smart grid technologies, to enhance efficiency and reliability.

Threats

  • Economic Instability: Economic downturns or financial crises can lower electricity demand and negatively impact Terna's financial performance.
  • Government Policy Changes: Shifts in government policies or regulations related to the energy sector can pose challenges and affect Terna's business strategy.
  • Intense Competition: Terna faces competition from other transmission system operators and potential market entrants, which may result in reduced market share and pricing pressures.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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