Red Electrica Corporacion SA

Overview

Red Electrica Corporacion SA (REC) carries out transmission, generation, distribution and operation of the transmission network for the Spanish electricity system. The company operates the regulated activities through its principal subsidiary, Red Electrica de Espana, S.A. (REE), a transmission system operator and other subsidiaries. REC is involved in electricity transmission activities outside Spain and provides telecommunications services. The company also undertakes the construction of international interconnections, energy storage and financing and risk reinsurance. It serves the third parties in Spain, Peru, Chile and among others. REC is headquartered in Alcobendas, Madrid, Spain.
Key Stats
Address
Paseo Conde De Los Gaitanes, 177, Alcobendas, Madrid
Headquarters

Spain

Contact

34 916 508500

No of Employees

2,085

Industry

Power

Ticker Symbol & Exchange​

REE [MCE]

Revenue (2020)

$2,264 m

0.8% (2020 vs 2019)
Net Income (2020)

$708 m

-11.5% (2020 vs 2019)
Net Profit Margin

31 %

-12.2% (2020 vs 2019)
Market Cap *

$11,102 m

EPS *

$1.2

  *Note: Ratios based on the share price as of 6-October-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters Red Electrica Corporacion SAIberdrola SAEndesa SAAcciona SA
Key Information
Headquarters Spain Spain Spain Spain
Headquarter City Alcobendas Bilbao Madrid Alcobendas
Headquarter State/Province Madrid Vizcaya Madrid Madrid
No. of Employees 2,085 38,297 9,274 38,967
Entity Type Public Public Public Public

Products & Services

REC is an operator of the national electricity grid in Spain. The key services offered by the company include the following:

Services
  • Transmission Grid Management
  • Grid Planning and Development
  • Telecommunication Services
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
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History

Year Event Description
2021 Contracts/Agreements In June 2021, The company signed an innovative agreement with Elia sign an innovative agreement…
2019 Acquisitions/Mergers/Takeovers In October, the company completed the acquisition of Hispasat.
2019 Others In April, the company invested EUR274 million for the renovation, improvement and maintenance of the…
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2019 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
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Locations


Red Electrica del Norte SA

Address

11th floor Las Condes, Los Militares 5885, Santiago
Chile

Telephone

56 225 781900

Red Electrica de Espana SA

Address

PS Del Conde De Los Gaitanes, 0177, Alcobendas
Spain

Telephone

34 90 0100182

Website

www.ree.es

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target