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    SRG   IT0003153415

SNAM S.P.A.

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Snam and Shell Energy Italia sign cooperation agreement on energy transition

11/05/2021 | 07:08am EDT

The two companies will develop joint initiatives in hydrogen, energy efficiency and sustainable mobility

Snam, one of the world's leading energy infrastructure companies, and Shell Energy Italia, one of the largest producers, traders and retailers of energy solutions, have signed a Memorandum of Understanding to work together on energy transition issues both at domestic and international level. The cooperation will be initially focused on hydrogen development and may also extend to energy efficiency and sustainable mobility projects.

More specifically, the two companies will share experiences and skills for the study and possible implementation of joint projects aimed at using hydrogen in industrial sectors as well as its transport through the existing gas infrastructure.

This agreement, where applicable, will be subject to subsequent binding agreements that the parties will define in compliance with the applicable regulatory profiles.

Disclaimer

SNAM S.p.A. published this content on 05 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 12:07:15 UTC.


© Publicnow 2021
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Financials
Sales 2022 3 084 M 3 296 M 3 296 M
Net income 2022 1 113 M 1 189 M 1 189 M
Net Debt 2022 14 763 M 15 776 M 15 776 M
P/E ratio 2022 16,3x
Yield 2022 5,05%
Capitalization 17 991 M 19 225 M 19 225 M
EV / Sales 2022 10,6x
EV / Sales 2023 10,3x
Nbr of Employees 3 468
Free-Float 60,2%
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 5,50 €
Average target price 5,26 €
Spread / Average Target -4,32%
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Managers and Directors
Stefano Venier Chief Executive Officer, Director & GM
Alessandra Pasini Chief Financial Officer
Monica de Virgiliis Independent Chairman
Claudio Farina Executive VP-Digital Transformation & Technology
Laura Cavatorta Independent Non-Executive Director
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