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    IG   IT0005211237

ITALGAS S.P.A.

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Italgas S p A : European gas group launches project to use hydrogen in distribution networks

07/27/2020 | 10:59am EDT
Paolo Gallo CEO of Italgas poses for photographers at the Milan stock exchange headquarters in Milan, Italy

The GD4S association, a group of seven major gas distributors representing 20% of the European market, is working on a project to use hydrogen in Europe's distribution networks, its president said on Monday.

"At the last GD4S meeting we discussed hydrogen and how it could be distributed in our network. We are working on a pilot project," Paolo Gallo said.

Gallo is also chief executive of Italgas, one of Europe's biggest gas distributors, and was speaking on a conference call on his group's first-half results.

(Reporting by Stephen Jewkes; editing by James Mackenzie)


© Reuters 2020
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Financials
Sales 2021 1 388 M 1 684 M 1 684 M
Net income 2021 362 M 439 M 439 M
Net Debt 2021 4 901 M 5 946 M 5 946 M
P/E ratio 2021 12,6x
Yield 2021 5,08%
Capitalization 4 562 M 5 532 M 5 536 M
EV / Sales 2021 6,82x
EV / Sales 2022 6,99x
Nbr of Employees 3 713
Free-Float 56,2%
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Technical analysis trends ITALGAS S.P.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 5,81 €
Last Close Price 5,63 €
Spread / Highest target 22,5%
Spread / Average Target 3,05%
Spread / Lowest Target -13,0%
EPS Revisions
Managers and Directors
NameTitle
Paolo Gallo Chief Executive Officer, Director & GM
Gianfranco Maria Amoroso Chief Financial Officer
Alberto Dell Acqua Chairman
Carlo Piergallini Chairman-Supervisory Board
Alessio Minutoli Director-Corporate Legal Affairs & Compliance
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