Italgas: over 800 computers delivered in the Marche region to schools affected by the earthquake

Treia (Macerata), 24 May 2019 – Italgas and Extraordinary Government Commissioner for the Central Italy earthquake in support of schools in the areas affected by the 2016 earthquake. Today, during a ceremony at the Municipal Theatre of Treia, 830 of the 1,500 computers for the schools of the seismic crater of Abruzzo, Marche, Lazio and Umbria were handed over to the Regional School Office of Marche. They are going to compose about 50 new computer classrooms in some of the most damaged areas of the Marche region.

The initiative, which is part of the protocol signed last December, was illustrated by the Extraordinary Commissioner of the Government, Piero Farabollini, and by the Head of Institutional Relations and Regulatory Affairs of Italgas, Nunzio Ferrulli, the Deputy Prefectural Commissioner of Treia, Francesco Senesi, many mayors and administrators of the municipalities of the province, representatives of the Regional School Office of the Marche Region and the school heads of the target schools.

They received the donation, representing the schools, the students of the Istituto Comprensivo “Egisto Paladini” of Treia, winners of the “Vito Scafidi” award for the project “Safety at School” with which, after the earthquake 2016, they became proximity informers on the seismic risk in the adult community.

“This is an important opportunity to emphasize that the earthquake not only crumbles places, but also identities and that rebuilding is also regenerating sociality and prospects – commented Piero Farabollini, to whom the children also asked questions about the earthquake in his dual role as Commissioner for Reconstruction and geologist – With the Italgas donation, thousands of children and their families can see the synthesis between memory and future through the medium that connects them par excellence. These PCs are a symbol of that network made up of technicians, administrators, politicians and companies that embody the will to do well so that children connected to the world with these tools remain deeply connected to their mother earth”

For the Italgas Group, the donation is part of the broader framework of initiatives through which the company contributes to creating value for the territories in which it is present and operates on a daily basis. This commitment is in line with the significant investment programmes carried out in those areas and designed to constantly improve the level of quality of service offered to the communities.

“Working with and for the territory has been part of Italgas’ DNA since its foundation almost two centuries ago – commented Italgas CEO Paolo Gallo – We are therefore proud to be able to contribute to creating value for the communities of the Marche region, not only through the efficient daily management of the natural gas distribution service that has always distinguished us, but also through an initiative that provides concrete help to schools and will allow them to trigger a virtuous path by offering students more opportunities for growth and development of skills. After Lazio, today we have arrived in the Marches, one of the regions affected by the earthquake of 2016, and we hope to complete the donation as soon as possible in the schools of Abruzzo and Umbria”.

EDA THESS and Italgas signed a collaboration agreement for the provision of consulting services

Thessaloniki, 23 May 2019 – EDA THESS, aiming at improving the services provided to its customers and the network’s safety, entered into a consultancy agreement with Italgas, the most important Italian company in the sector and one of the largest in Europe.

The agreement was signed by EDA THESS’ General Manager, Mr. Leonidas Bakouras and Italgas’ Chief Commercial Officer, Mr. Pier Lorenzo Dell’Orco in the areas of IT systems, smart metering, construction, operation and maintenance and digitization of natural gas distribution network.

Relying on Italgas, a company with a high level of know-how, EDA Thess will enhance the level of services and tools to manage and further develop its distribution network in line with the needs of the communities served.

For Italgas, this agreement is an important acknowledgement of its expertise and best practices in the management of natural gas distribution networks, developed over 180 years. The collaboration will allow Italgas to support the development of a leading Greek operator, by sharing the outcomes of its innovation and digitization plan, and will further strengthen its international leadership following the recent partnership signed with other major world players.

Italgas: results as at 31 march 2019 approved

Milan, 14 May 2019 – Italgas’ Board of Directors, chaired by Alberto Dell’Acqua, met yesterday and approved the consolidated (unaudited) results for 2019 first quarter.

Key figures

Consolidated economic and financial highlights:

  • Total revenue: €310.8 million (+9.9%)
  • EBITDA: €219.2 million (+10.5%)
  • EBIT: €123.6 million (+10.0%)
  • Net profit: €86.3 million (+15.5%)
  • Technical investments: €152.4 million (+43.6%)
  • Cash flow from operating activities : €242.2 million
  • Net financial debt : €3701.9 million

Operating highlights including investee companies:

  • Municipalities in gas distribution concessions: 1,803
  • Number of active meters: 7.57 million
  • Gas distribution network: around 70,000 Km

The economic and financial results confirm the continuous growth process recorded by the Company since its return to the stock market in November 2016, inaugurating a new management cycle focused on further improvement in margins compared to the same period of 2018.

With €152.4 million in organic investments in the first quarter, Italgas significantly exceeds the targets defined in the Business Plan, an increase in line with that already announced to the market. In particular, over 50% of the investments were allocated for the maintenance and extension of the network (170 km against 40 last year), while the installation of the smart meters continued, in line with last year, replacing traditional meters, and this replacement will be completed by the first half of 2020. With approximately 410.0 thousand meters installed in the first three months of 2019, the total, also considering investee companies, was around 5.4 million, equal to 63.9% of total meters . The installation of the smart meters is part of the digitalisation project of the network for which over 50 pilot projects have been already completed throughout the country, covering approximately 200 kilometres of distribution network and a total of 11,800 smart meters.

The financial requirements related to the net investments in 1Q 2019 were fully covered by the positive cash flow from operating activities, amounting to €242.2 million, with a Free Cash Flow – before the M&A transactions – of € 112.7 million.
Net financial position as at 31 March 2019 was equal to € 3,701.9 million (€3,814.3 million as at 31 December 2018).

With regards to the economic results, operating profits in the first quarter of 2019 reached €123.6 million (+10.0% compared to 31 March 2018) and net profit reached €86.3 million (+15.5% compared to the same period of the previous year).

Paolo Gallo, CEO of Italgas, commented:

“The results of the first quarter 2019 also confirm the virtuous path undertaken by Italgas since November 2016, with all the indicators showing double-digit increases. In particular, compared to the same period of 2018, EBIT and net profit showed increases of +10% and +15.5%, respectively, demonstrating the effectiveness of the acquisitions made and the important efficiency improvement actions undertaken in the last two years. Investments for the period recorded an increase of 43.6%, and investments on the network (maintenance and extension) in particular, which are the most valuable investments for the Italian economy, grew by over 70%. We are continuing the process of installing smart meters, which will be completed in the first half of 2020, and the larger project of digitalisation of the networks, which will contribute to strengthening Italgas’ leadership in Italy and in Europe. In acknowledging our role, two important partnership agreements were signed in recent weeks: with State Grid Corporation of China, the largest utility in the world, and with the US company Picarro, a leader in providing smart software for monitoring networks”.

[1]Net of the effects deriving from IFRS 16 and IFRS 15.

[2]Net financial debt as at 31 March 2019 did not consider financial payables for operating leases pursuant to IFRS 16 of €65.7 million (€49.9 million as at 31 December 2018).

[3]Excluding investee companies, in the first quarter of 2019, Italgas installed about 363.5 thousand new meters, bringing the total number of installed meters to about 4.8 million, equal to approximately 63.4% of the entire meter fleet.

Conference Call: 2019 First Quarter Results

Italgas Top Management presents 2019 First Quarter Results.

Conference Call for the presentation of results to the community will be on Tuesday, May 14th, 2019 at 4:00 pm CEST.

Click on the following link to watch the presentation live:

 WATCH LIVE

Italgas for the Sales Companies – the dedicated training course has begun

On Wednesday 8th May 2019 at the Digital Factory of our headquarters in Milan, the first formative-informative meeting entirely dedicated to Sales Companies was held.

In a session full of content, open to dialogue and active exchange, we discussed the potential of the main communication tool made available to all the sales companies by Italgas, the portal GasOnLine offering suggestions for its best use and questioning possible developments.

At the beginning, the flow of requests for new users to access the portal was retraced, with attention to the available profiles, increasingly personalized, with a view to efficiency and flexibility.

The session continued with an excursus on the novelties of GasOnLine, from the impacts of the Integrated Information System (IIS) to the new services available for Sales Companies.

The focus to follow, dedicated to document verification and new regulations in the field, is an opportunity for important reflections .

The meeting ended with the sharing of the first results of Italgas’ Digital Factory and in particular of the program for the digitization of our business processes, started in 2018, with the aim, first of all, to improve the operational efficiency of the services offered to commercial companies and end consumers.

With this first meeting we have started a training and confrontation path that will see us more and more involved in the management of the commercial relationship.

Italgas’ commitment continues! New sessions will follow to involve all the sales companies that operate on our networks every day.

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