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Thursday, November 18, 2021
TERNA ENERGY: New wind farms with a total capacity of 90 MW to be developed in Poland
TERNA ENERGY further strengthens its presence in the Renewable Energy Sources market of Poland, promoting four (4) new projects with a total capacity of 90 MW. The four (4) wind farms are in the initial stage of licensing and TERNA ENERGY will mature, build and operate them in the context of its strategy for continuous expansion of its activity in the field of clean energy production.
TERNA ENERGY already operates in Poland eight (8) wind farms with a total installed capacity of 102 MW, which means that with the addition of the four (4) new projects of 90 MW, the Group in the next period will almost double its installed capacity there.
The development of TERNA ENERGY Group continues uninterruptedly, with its investment plan evolving smoothly but also intensively in all areas of activity. The Group’s goal to reach 3,000 MW of total installed capacity (wind farms, photovoltaic parks and storage systems) within the next five years, stands. The Group has more than 1,300 MW in operation, under construction or ready for construction in Greece, Central and Eastern Europe. Also, additional wind projects with total capacity of more than 1,800 MW in various areas in Greece are in the phase of licensing maturity. At the same time, new photovoltaic parks with a total capacity of 1,700 MW are being planned and developed and storage systems with total capacity of about 2,000 MW are being promoted. Finally, the Group has been active in offshore wind parks, where it plans, in joint venture with OCEAN WINDS, to develop projects in the Greek seas.
Information:
Investor Relations: Aristotelis Spiliotis, tel. + 30 210 6968000, tspiliotis@terna-energy.com
Press Office: Mary Andreadi, tel. +30 210 6968000, pressoffice@gekterna.com
Zepp Health Corporation Reports Third Quarter 2021 Unaudited Financial Results
BEIJING, Nov. 16, 2021 /PRNewswire/ -- Zepp Health Corporation ("Zepp" or the "Company") (NYSE: ZEPP) today reported revenue of RMB1.6 billion (US$249.3 million); GAAP diluted net income per share of RMB0.19 (US$0.03); and GAAP diluted net income per ADS of RMB0.74 (US$0.11) for the third quarter ended September 30, 2021. Each ADS represents four (4) Class A ordinary shares.
"Despite global supply chain and chip shortage challenges affecting many companies, we are pleased to meet our guidance range for the third quarter of 2021," said Wang Huang, Chairman and CEO of Zepp Health. "Even without any new product launches, unit shipment volumes of Amazfit and Zepp branded products increased 89% year-over-year, demonstrating continuing global expansion of our brands. We began the fourth quarter with new technology and products, including our new OS for independent apps and the launch of the next generation 3 of our best-selling GT series watch line."
"Today, our board approved a $20 million share repurchase program." Mr. Huang added, "The Share Repurchase Program is well aligned with our commitment to maximizing value for all of our stakeholders and reflects the Company's confidence in its sustainable growth and long-term strategy, supported by the strong balance sheet and cash position."
Chief Financial Officer, Leon Deng, added "In addition to the strong growth of the Company's own branded products, third quarter topline performance reflected the different timing for the launch of Xiaomi's new Mi Band in the second quarter this year, as well as impacts of supply chain slowdowns and chip shortages. Despite these challenges, we successfully managed to continue our expense control, which reduced total operating expenses by 31.2%."
Third Quarter 2021 Financial Summary