Investing in Italgas
As the leading gas distribution operator Italy and Greece, and the third in Europe, we stand out for the solidity of our financial structure, our low-risk profile, the strength of over than 180 years of history and our propensity for innovation.
Our company, which returned to listing on the FTSE MIB index of the Italian Stock Exchange on 7 November 2016 following its separation from Snam, has some solid competitive advantages that make us unique on the Italian scene. We operate mainly in a regulated business of gas distribution, in Italy and Greece. The status of regulated business guarantees a great visibility on medium-term trends, and thanks to the investments planned for the coming years, we will be able to continue to consolidate our leading position in this area.
Leader in gas distribution in Italy and Greece
We manage 81,592 km of gas distribution network, serve more than 2,000 municipalities under concession in Italy and Greece and have 7.96 million active meters. In Italy, our market share exceeds 33%, with a presence in practically all regions of the peninsula.
Ideal structure to seize new opportunities
With our focus on our core business, we have an unrivalled technical and managerial skills base and a solid capital structure, which will allow us to strengthen our central role in the Italian gas distribution system, seizing the opportunities offered by future scope tenders.
Clarity and visibility of the regulatory environment
Regulation in the gas distribution market allows us to count on predictable revenues and returns. Our revenues are mainly regulated: we can therefore realise our plans in a well-defined context.
Focus on innovation
Innovation and digital transformation are the first pillar of our Strategic Plan 2023-2029. EUR 4.6 billion are planned for the development and upgrade of the Italian gas distribution network. In detail, EUR 1.6 billion (about EUR 100 million more than in the previous Plan) are earmarked for the continuation of the network’s digital transformation programmes. In addition, EUR 0.9 billion is earmarked for the development of the distribution network in Greece to support of the country’s decarbonisation goals.