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Last €70.86 EUR
Change Today +0.37 / 0.52%
Volume 380.8K
As of 11:38 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

red electrica corporacion sa (REE) Snapshot

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52 Week High
04/28/15 - €79.20
52 Week Low
10/16/14 - €60.83
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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red electrica corporacion sa (REE) Details

Red Eléctrica Corporación, S.A. transmits electricity, operates electricity system, and manages electricity transmission grid in Spain and internationally. Its transmission grid comprises approximately 42,000 kilometers of high voltage electricity lines and approximately 5,000 substation bays; and has approximately 80,000 MVA of transformer capacity. The company also provides advisory, engineering, and construction services; telecommunications services to telecommunications operators and other private firms; and line and sub-station maintenance services. It has a strategic alliance with Redes Energéticas Nacionais, SGPS, S.A. for the development of interconnections between the electricity systems. Red Eléctrica Corporación, S.A. was founded in 1985 and is based in Alcobendas, Spain.

1,742 Employees
Last Reported Date: 02/26/15
Founded in 1985

red electrica corporacion sa (REE) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: €730.0K
Compensation as of Fiscal Year 2014.

red electrica corporacion sa (REE) Key Developments

Red Electrica de Espana Reports Earnings Results for the Second Quarter Ended June 30, 2015

Red Electrica de Espana reported earnings results for the second quarter ended June 30, 2015. The company reported that profit for the second quarter ended June 30, 2015 was EUR 142.76 million, compared to EUR 131.3 million for the same quarter ended June 30, 2014. Revenue for the second quarter ended June 30, 2015 was EUR 485.7 million, compared to EUR 463.18 million for the same quarter ended June 30, 2014.

Red Eléctrica Corporación S A. Announces Group Earnings Results for First Half Ended June 2015

Red Eléctrica Corporación S A. announced group earnings results for first half ended June 2015. The company has reported a net profit of EUR 309 million for the first half of 2015. This figure is 6.5% higher than that achieved in the same period last year. The company reported its financial results, made investments worth EUR 225.8 million, 90% of which were earmarked for the development of the Spanish transmission grid. Net revenue for the first six months of 2015 amounted to EUR 972.7 million, representing a growth of 5% on the same period last year. This figure includes income from facilities commissioned in 2014 and 41.5 million from the telecommunications business. Gross operating result (EBITDA) reached 740.3 million, representing a growth of 6.6% over the first six months of 2014. Its performance is linked to the evolution experienced by revenue and the growth in operating costs, which increased 3.3% compared to the previous year. EBIT was EUR 507.1 million against EUR 485.3 million a year ago. Profit before taxes was EUR 428.6 million against EUR 414.9 million a year ago. The growth in EBIT was limited to 4.5% year-on-year due to the sharp 12.5% increase in amortization and depreciation of noncurrent assets as a result of the startups in 2014, including the new interconnection with France and also the impact of the depreciation of the use in management rights of ADIF's fiber optic network. Debt at June 30, 2015 stood at just over EUR 5 billion. Strong cash flow generation was mainly attributable to the improved results.

The Red Eléctrica Group Approves Appointment of John Lasala as Chief Executive Officer

On 28 July, the Board of Directors of The Red Eléctrica Group approved the appointment of John Lasala as Chief Executive Officer of the company. Mr. Lasala was appointed Executive Director of the company at the extraordinary general shareholders' meeting held on 17 July.


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Industry Average

Valuation REE Industry Range
Price/Earnings 13.1x
Price/Sales 5.1x
Price/Book 3.8x
Price/Cash Flow 8.0x
TEV/Sales 2.0x

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