1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Italgas S.p.A.
  6. News
  7. Summary
    IG   IT0005211237

ITALGAS S.P.A.

(IG)
  Report
Real-time Estimate Cboe Europe  -  03:51 2022-08-08 am EDT
5.480 EUR   +0.18%
08/03Italgas Buys LPS Distribution Network in 12 Municipalities of Italy's Sardinia Island
MT
08/03ITALGAS GROUP STRENGTHENS ITS PRESENCE IN SARDINIA : 12 new municipalities acquired
PU
08/03ITALGAS S.P.A. (BIT : IG) entered to an agreement to acquire LPG distribution and sales business from Fiamma 2000 Spa for € 31.7 million.
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Italgas posts higher FY profits, dividend as investments at record high

03/10/2022 | 03:11am EDT
An Italgas vehicle is seen in front of Milan's stock exchange headquater, in Milan

MILAN (Reuters) - Italy's biggest gas distributor Italgas reported a 4.1% increase in core profits in 2021 when it ramped up investments to record levels.

Investments, mainly in digitalisation of the company's network to enable it to carry renewable gases like biomethane and hydrogen, reached a record 865 million euros ($957 million), growing by 11.5%.

Italgas, which runs around 74,000 kilometres of regulated gas pipelines, said it had no commercial and financial relations with Russia and Ukraine and no production activities and employees located in the area.

The company posted adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of over 1 billion euros ($1.11 billion) last year while group adjusted net profit rose 6% to 367.7 million euros.

The company said it would propose the distribution of a 0.295 euros dividend per share, 6.5% higher compared to that of the previous year.

($1 = 0.9042 euros)

(Reporting by Maria Pia Quaglia; editing by Agnieszka Flak)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ITALGAS S.P.A. 0.00% 5.465 Delayed Quote.-9.62%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.06% 60.4148 Delayed Quote.-18.87%
All news about ITALGAS S.P.A.
08/03Italgas Buys LPS Distribution Network in 12 Municipalities of Italy's Sardinia Island
MT
08/03ITALGAS GROUP STRENGTHENS ITS PRESEN : 12 new municipalities acquired
PU
08/03ITALGAS S.P.A. (BIT : IG) entered to an agreement to acquire LPG distribution and sales bu..
CI
08/02ITALGAS S P A : Documentation publication half yearly report 2.08.2022
PU
07/28«IDEAS 4 ITALGAS» STARTING THE THIRD : an ever-active ‘radar' on open innovation
PU
07/26ITALGAS S P A : Medea (Italgas Group) becomes a 49% shareholder of Energie Rete Gas
PU
07/25Italy does not need EU plan to cut gas by 15% - Italgas
RE
07/25Italgas S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2022
CI
07/25TRANSCRIPT : Italgas S.p.A., H1 2022 Earnings Call, Jul 25, 2022
CI
07/25ITALGAS : consolidated results as at 30 june 2022 approved
PU
More news
Financials
Sales 2022 1 436 M 1 458 M 1 458 M
Net income 2022 375 M 381 M 381 M
Net Debt 2022 5 665 M 5 753 M 5 753 M
P/E ratio 2022 11,7x
Yield 2022 5,44%
Capitalization 4 432 M 4 501 M 4 501 M
EV / Sales 2022 7,03x
EV / Sales 2023 6,65x
Nbr of Employees 3 785
Free-Float 56,2%
Chart ITALGAS S.P.A.
Duration : Period :
Italgas S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ITALGAS S.P.A.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 5,47 €
Average target price 6,01 €
Spread / Average Target 9,81%
EPS Revisions
Managers and Directors
Paolo Gallo Chief Executive Officer, Director & GM
Gianfranco Maria Amoroso Chief Financial Officer
Carlo Piergallini Chairman-Supervisory Board
Benedetta Navarra Chairman
Alessio Minutoli Manager-Legal, Corporate Affairs & Compliance
Sector and Competitors
1st jan.Capi. (M$)
ITALGAS S.P.A.-9.62%4 501
THE HONG KONG AND CHINA GAS CO LTD-32.78%19 397
ENN ENERGY HOLDINGS LIMITED-11.24%18 722
NEW FORTRESS ENERGY INC.109.65%10 504
CHINA RESOURCES GAS GROUP LIMITED-24.40%9 816
UGI CORPORATION-12.76%8 386