Trade Redeia Corporacion SA - REE CFD

Red Electrica Company profile

About Red Electrica Corporacion SA

Red Electrica Corporacion SA is a Spain-based company engaged in the energy sector. The Company, through Red Electrica de Espana SAU (REE), focuses on the management of the Spanish high-voltage transmission grid, as well as is responsible for its development, maintenance and improvement of the network’s installations. Its activities also include the coordination among generation, transmission and distribution process of electric energy. In addition, the Company manages and leases telecommunications infrastructure, in particular fiber optic cables. The Company is a parent of the Red Electrica Group and operates through its subsidiaries and affiliates in a number of countries, such as Spain, the Netherlands, Luxembourg, Peru, Chile and France.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Red Electrica Corporacion SA revenues decreased 2% to EUR1.95B. Net income increased 10% to EUR680.6M. Revenues reflect Management of electrical infrastructures segment decrease of 3% to EUR1.66B, Spain segment decrease of 3% to EUR1.8B. Net income reflects Telecommunications segment income totaling EUR120.1M vs. loss of EUR38.3M, Others.

Equity composition

07/2016, Share Split (Factor:4).