Gas Plus S.p.A. Announces Unaudited Consolidated and Company Earnings Results for the Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018
For the year, on company basis, the company reported total revenues of EUR 4,749,531,000 compared to EUR 4,659,951,000 a year ago. Operating result was EUR 3,142,511,000 compared to EUR 5,921,758,000 a year ago. Pre-tax result was EUR 2,732,507,000 compared to EUR 3,842,105,000 a year ago. Net result for the year was EUR 4,081,114,000 compared to EUR 7,172,522,000 a year ago. Earnings per basic and diluted share was EUR 0.09 compared to EUR 0.16 a year ago. Net cash flows from operating activities was EUR 5,433,057,000 compared to EUR 8,781,748,000 a year ago. Purchase of tangible assets was EUR 47,459,000 compared to EUR 13,153,000 a year ago. Purchase of intangible assets was EUR 10,175,000 compared to EUR 17,500,000 a year ago.
The company provided earnings guidance for the year 2018. The company announced that due to the actual trend of energy scenarios, the 2018 consolidated EBITDA is expected to record a slight growth compared to the 2017 figure, while the net profit may record a limited loss in case of full depreciation of the exploration activity of the year.