Saturday , September 25 2021

Italgas, results in line with the plan: profit and revenue grow –

MILANO – Italgas closed the first nine months of the year with an increase of 6.1% to EUR 226.4 million and revenues increased by 5.5% to EUR 880.7 million. This was announced by the company, which emphasizes that growth is in line with the "industrial plan goals".

Gross operating income (Ebitda) amounted to EUR 629 million (+ 8.9%) and operating profit (EBIT) of 333.9 million (+ 8.9%).

Investments in technical investments amounted to EUR 349.1 million, net cash flow from operating activities amounted to EUR 590 million. Financial net debt amounts to EUR 3 734.2 million. During the first nine months of the year, Italgas has 1,709 concessions, with 7 477 million meters active on a distribution network of 67.9 thousand kilometers.

The results for the first nine months "allow us to confirm the goals set for 2018 by the industrial plan due to the constant focus on operational efficiency and commitment to the implementation of the planned investments, investments that have already made a significant development of the networks. and the number of customers succeeded, "said Italy's CEO Paolo Gallo, commenting on nine-month accounts. "The implementation of the network digitization project – he adds – and the processes are progressing as planned, the completion of the transition to the cloud will be completed in the coming days and our Digital Factory will work already in November. Important organizational, technical and cultural conversions that will bring significant improvements in terms of infrastructure management, efficiency and, above all, quality of service ".

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