Gas Plus S.p.A. announced unaudited consolidated and company earnings results for the year ended December 31, 2017. For the year, on consolidated basis, the company reported total revenues of EUR 84,368,000 compared to EUR 82,424,000 a year ago. Operating result was EUR 6,993,000 compared to EUR 1,241,000 a year ago. Pre-tax result was EUR 1,117,000 compared to pre-tax loss of EUR 7,319,000 a year ago. Net result was EUR 773,000 compared to net loss of EUR 4,222,000 a year ago. Net result attributable to group was EUR 769,000 compared to net loss attributable of EUR 4,255,000 a year ago. Earnings per basic and diluted share was EUR 0.02 compared to loss per basic and diluted share of EUR 0.10 a year ago. Net cash flow from operating activities was EUR 10,949,000 compared to EUR 11,487,000 a year ago. Purchase of tangible and intangible assets was EUR 10,114,000 compared to EUR 16,188,000 a year ago. EBITDA was EUR 21.8 million compared to EUR 17.1 million for the same period a year ago.

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.