Performance of Terna stock

In 2011, European price lists recorded very negative trends due to the worsening of the outlook, marked by a weak economic recovery and high unemployment rates. The continuation of the sovereign debt crisis has made new economy stimulation plans necessary by governments and has also contributed towards creating further uncertainty amongst investors and increasing volatility in trade.
In this situation and despite the negative impact of the extension of the “Robin Hood Tax” to the electricity transmission sector, the defensive nature of the Terna stock has allowed it to record a better performance than that of Italian Blue Chips (Terna -17.6% vs. FTSE-MIB -25.2%). The stock traded on a daily average volume of 10 million, down from the previous year.
In terms of Total Shareholder Return (or TSR, namely the return inclusive of both the share performance and the dividends paid during the period), Terna has overperformed the segment and the Italian Blue Chips index (Terna -11.4%, DJ Stoxx Utilities -11.6%, FTSE-MIB -22%).
During the first few months of 2012, Terna recorded a rise of 8.9%, in line with the market (FTSE-MIB +9.2%) and better than the sector generally (DJ Stoxx Utilities +2.2%).
Since listing (23 June 2004) up to end of 2011, the Terna stock has risen by 53.2% against a negative performance of the FTSE MIB of 45.9%. The TSR over this period was actually 140.6%, in marked contrast with the average loss of 27.4% generated by the Italian Blue Chips.

 

PERFORMANCE OF TERNA SHARES AND THE FTSE MIB AND DJ STOXX 600 UTILITIES INDEXES

Performance of Terna stock