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Coronavirus, extraordinary measures adopted by Italgas Group

The Italgas Group will continue to guarantee the regular provision of public services and the performance of essential services throughout the country in which it operates, in compliance with the recent Prime Ministerial Decree of 8, 9 and 22 March 2020.

We remind you that:

  • is always active for emergencies 24 hours a day, 7 days a week the First Aid service on 800-900-999;
  • we make every effort to process requests for services that are essential for the continuity and safety of the service, such as the activation of supplies, reactivation of supplies, deactivation of supplies for safety reasons at the request of municipalities, installers or end customers.

We therefore invite sales companies and end customers to submit to us – for the entire period of validity of the extraordinary measures introduced by the Prime Ministerial Decree of 8, 9 and 22 March 2020 – the only requests for service that cannot be postponed and are essential.

The Italgas Group companies, during this period, suspend all scheduled activities that cannot be postponed and are not related to ensuring the continuity and safety of the gas distribution system, such as the deactivation of gas supplies, modifications or removal of plants, metrological checks of measuring groups, checks on consumption and supply pressures, the replacement of meters both scheduled and on request of sales companies or end customers.
Guaranteed operational activities involving access to private homes (emergency intervention, placement and activation of the supply, activation and reactivation of existing meters) will be carried out by technical personnel equipped with personal protective equipment (mask and gloves).

With all our commitment, even in a difficult moment experienced by our country, we continue to support the territories in which we operate and to guarantee users a continuous and safe service, as Italgas Group has done for over 180 years.

Conference Call 2019 Full Year Results

Italgas Top Management presents 2019 Full Year Results.
Conference Call for the presentation of results to the community will be on Wednesday, March 11th 2020 at 05:00pm CET

 Follow the presentation live

 

https://www.italgas.it/en/press-release/ITALGAS-CONSOLIDATED-RESULTS-AS-AT-31-DECEMBER-2019-APPROVED/

 

Changes to Italgas’ calendar of corporate events

Press Release of Financial statement at December 31, 2019

Milan, 5 March 2020 – Italgas announces that the issue of the press release concerning the approval of the Consolidated financial statement at December 31, 2019 and draft financial statements at December 31, 2019 has been rescheduled from 12 to 11 March 2020, following its approval by the Board of Director. As a result, the conference call to present the results to institutional investors and financial analysts will be held on the afternoon of March 11.

Italgas between sustainability and finance: inclusion in the CDP and Standard Ethics Rating indexes

Marco Porro, Investor Relations Manager: “These awards confirm and enhance our credibility with investors.”

Italgas does +2 in sustainability and confirms its commitment on this issue. In fact, the company was recently confirmed in the prestigious CDP (Carbon Disclosure Project) index and received a positive rating from the Standard Ethics Rating. Two awards, issued by two important British organisations, which testify to the company’s good work in the areas of environmental sustainability and governance. “The continuous search for sustainability, in all its dimensions, represents for Italgas part of its corporate culture – comments Italgas’ Investor Relations Manager, Marco Porro – the inclusion in the main sustainability indexes is a consequence of the progressive commitment of the entire company on this issue. A commitment that has now become a modus operandi for us”.

Italgas leading company in sustainability

Not only CDP and Standard Ethics, therefore, Italgas is already known to investors as a leading company in this field. A company strategy recognized and consolidated over time.
“Precisely for this reason,” explains Porro, “I would not focus only on the last two results. It is necessary to make an overall assessment of the indices in which Italgas has been progressively included”.
The company led by Paolo Gallo, in fact, over the years has obtained important results and awards from many organizations with the inclusion in the main international sustainability indexes: from the FTSE4Good Index to Sustainalytics, passing through the fundamental one of the Dow Jones Sustainability Index World and the confirmation, always in 2019, of the MSCI World Energy Index, up to theECPI Euro ESG Equity and the ECPI World ESG Equity.

In the light of all this, the last two achievements in this area can only be an additional source of satisfaction. As far as Standard Ethics Ratings are concerned, we have reached the E+range, a positive assessment of the level of compliance with a number of sustainability and governance principles dictated by the European Union, the United Nations and also theOECD. An assessment that not only concerns companies but also states,” adds the head of Investor Relations.  Also not to be underestimated is the recognition received by the CDP, an international index that aims to support companies that have distinguished themselves in actions to combat climate change.  “The CDP had already identified us in 2017 as an attentive company in the energy and gas sector – explains Porro – at the moment we have been included in the B List. We can therefore consider ourselves satisfied, but at the same time we can say that our journey does not end here”.

Finalised agreement between Italgas and A2A for the reciprocal transfer of assets

Milan, January 31, 2020 – Today Italgas and A2A have concluded in Milan an agreement for the reciprocal transfer of some assets in order to strengthen their respective core businesses.

The transaction, announced on 8 October 2019, was finalized following the occurrence of the conditions precedent provided for.

In particular, Italgas Reti (Italgas Group) sold to A2A Calore & Servizi (A2A Group) all the district heating activities currently managed in the municipality of Cologno Monzese (Milan); at the same time, Unareti (A2A Group) will sell to Italgas the natural gas distribution activities managed in seven municipalities in the ATEM Alessandria 4.

The district heating plant at Cologno Monzese consists of a distribution network of over 8 kilometers, serving 52 heat exchange substations with heat sales of approximately 26.1 GWh.

The seven gas distribution networks in the municipalities of Castelnuovo Scrivia, Pecetto di Valenza, Bassignana, Rivarone, Guazzora, Montecastello and Pietra Marazzi cover a total of over 140 kilometres and serve about 4,200 users.

Agreement between Italgas and A2A for the reciprocal transfer of assets

Milan, October 8, 2019 – Italgas and A2A signed yesterday in Milan an agreement for the mutual transfer of some assets in order to strengthen their respective core businesses.

In particular, Italgas Reti (Italgas Group) commits to sell to A2A Calore & Servizi (A2A Group) all the district heating activities currently managed in the municipality of Cologno Monzese (Milan); at the same time, Unareti (A2A Group) will sell to Italgas the natural gas distribution activities managed in seven municipalities in the ATEM Alessandria 4.

The district heating plant at Cologno Monzese consists of a transport and distribution network of over 8 kilometers, serving 52 heat exchange substations with heat sales of approximately 26.1 GWh.

The seven gas distribution networks in the municipalities of Castelnuovo Scrivia, Pecetto di Valenza, Bassignana, Rivarone, Guazzora, Montecastello and Pietra Marazzi cover a total of over 140 kilometres and serve about 4,200 users.

The agreements are expected to be finalised by December 2019 and are subject to the fulfilment of certain conditions precedent.

“The operation allows us to sell a secondary business to the benefit of the Group’s core business – commented Italgas CEO Paolo Gallo – and thanks to the acquisition of a further seven distribution networks, we are strengthening our presence in a historic region such as Piedmont, bringing our market share in ATEM Alessandria 4 to 15%”.

“This agreement represents a step forward consistent with the development and focus choices outlined in our Industrial Plan, a further step in terms of circular economy and sustainability – says Valerio Camerano, CEO of the A2A Group – District heating, of which we are leaders in Italy with over 40 years of experience in the areas of Milan, Brescia and Bergamo, represents a valid response to the protection of the air quality of our cities, to the benefit of citizens and territories”.

The General Assembly appoints Paolo Gallo (CEO Italgas) Chairman for 2020

In the morning, during a meeting with the European Commission’s DG Energy, Ditte Juul Jørgensen, the six CEOs stressed the importance of technological innovation and digitisation of gas networks in the decarbonisation processes in Europe

Brussels, 30 January 2020 – The Annual General Assembly of GD4S, the body that brings together the six largest gas distribution operators in Europe, has appointed Paolo Gallo (Italgas) President of the Association for 2020.

Italgas is the most important operator in Italy and the third in Europe. With its 4,000 people, it operates a distribution network that covers a total of over 70,000 kilometres through which, over the past year, it has distributed around 9 billion cubic metres of gas to 7.6 million customers. It is listed on the Italian stock market in the FTSE MIB index of Borsa Italiana. Paolo Gallo has been CEO of the company since August 2016.

The GD4S Assembly was preceded in the morning by a meeting with Ditte Juul Jørgensen, Director General Energy of the European Commission. During the meeting representatives of GD4S – Paolo Gallo CEO of Italgas (Italy), Ion Manescu, Deputy CEO of Distrigaz Sud Retele (Romania), Denis O’Sullivan, Managing Director of Gas Networks Ireland (Ireland), Nuria Rodríguez Peinado, CEO of Nedgia (Spain), Edouard Sauvage, CEO of GRDF (France) and Gabriel Sousa, CEO of Galp Gás Natural Distribuição (Portugal) – presented the association’s views on the key role of gas networks in achieving the EU’s climate neutrality objective and at the same time deepened the Commission’s intentions and forthcoming legislative initiatives on climate-altering emissions, digital strategy, circular economy and sustainable mobility and their impact on the gas market, in implementation of the European “Green Deal” announced by President Von der Leyen.

During the meeting, DG Jørgensen recognised the importance of the role of gas in the process of transition to a de-carbonised economy and the potential of biomethane and hydrogen distributed through gas networks. She also underlined her management’s commitment to the development of initiatives in this direction and committed to working with GD4S as part of the ongoing energy transition processes.

Two other meetings are also on the CEOs’ agenda today: with Aleksandra Tomczak, member of the cabinet of Frans Timmermans, Vice President of the European Commission, and with Kitti Nyitrai, from the staff of Kadri Simson, European Commissioner for Energy. On both occasions, members of the association reaffirmed their intention to support climate-changing emissions reduction targets, in line with the European Green Deal and the National Energy and Climate Plans (NECPs) currently being approved.

At the end of the day, Paolo Gallo announced Italgas’ willingness to make its Digital Factory available to GD4S members and to share the results of ongoing experiments on the most advanced technologies adopted by the company.

GD4S – Gas Distributors for Sustainability, based in Brussels, was founded in January 2019. As an association, it is committed to decarbonising the European energy system by 2050 and unlocking the potential of renewable gas and gas networks. Together, the six members of GD4S serve 27.4 million customers, or 20% of the EU gas market.

Italgas is awarded the gas service concession in the “Valle D’Aosta” district

The area consists of 74 municipalities, 24 of which are currently supplied with natural gas for a total of 20 thousand users. Planned investments of approximately 100 million euros will make it possible to extend the service to 17 new municipalities, doubling the number of users

Aosta, 2 January 2020 – The Aosta contracting station has officially awarded Italgas the tender for the management of the natural gas distribution service in the “Valle d’Aosta” district for the next 12 years.
The area consists of 74 municipalities, 24 of which are currently supplied with natural gas (served by about 350 km of networks), for a total of 20 thousand end users and a RAB of over 40 million euros.

In the offer presented, Italgas has planned investments of approximately 100 million euro aimed at extending the networks to areas not yet reached by the service, upgrading and digitizing existing infrastructures, and further boosting the quality and safety of the service.

These investments will generate a strong stimulus for the local economy, with positive fall out also in terms of employment, and the extension of the service to new areas will also guarantee significant savings in bills and a significant reduction in polluting emissions.

Among the measures provided for in Italgas’ plans:

  • the construction of about 270 km of new networks and the methanization of 17 new municipalities, including the entire valley between Aosta and Courmayeur;
  • the increase in the number of users served, from the current 20,000 to about 40,000 over the 12 years of the concession;
  • the complete digitization of the network and plants, including the installation of smart meters on 100% of current and future users;
  • energy efficiency interventions in over 70 regional and municipal public buildings.

Italgas’ offer has enabled it to outperform the competition of two other operators in the sector, achieving a significant advantage in the overall score. With particular reference to the technical offer, an important contribution was provided by the important technological innovation measures, in line with the development guidelines of the Group’s Industrial Plan which has allowed Italgas to further consolidate its leadership in Italy and Europe.

After the Turin 2 Area – commented Italgas’ CEO Paolo Gallo – we have further confirmation in a territory with strong and historical roots for Italgas such as the Aosta Valley. A result that testifies to the goodness of the work carried out and that allows us not only to give continuity to the management of the service in the territory, but also to carry out the important investment programs planned to develop the service also in those areas not yet reached by natural gas and the complete digitalization of the infrastructures for an increasingly efficient and safer service”.

Italgas: the UNI ISO 37001:2016 anti-corruption certification confirmed and extended

Milan, December 19, 2019 – Italgas, leader in gas distribution in Italy and Europe, has obtained, for the second consecutive year, the UNI ISO 37001:2016 certification “Management systems for the prevention of corruption” for the holding company Italgas S.p.A., also obtaining its extension to the “anti-corruption governance” of all Group companies, as well as for the subsidiary Italgas Reti S.p.A.

The management system for preventing and combating corruption, adopted on a voluntary basis, has been verified by the independent certification body DNV GL – Business Assurance. After in-depth analyses that have confirmed the adequacy and compliance of the management system with the requirements of the above mentioned standard and its effective application.

The delivery of 37001 certificates took place today during a meeting in Milan, at Italgas headquarters, in the presence of Italgas CEO Paolo Gallo and DNV GL Business Assurance Italia S.r.l. CEO Stefano Crea.

For a company like ours – commented Italgas CEO Paolo Gallo – the commitment to fight corruption is essential and permeates our daily operations as well as the activities more closely related to the core business. With the confirmation of the certification and its extension to the governance of all Group companies, we are emphasising our attention to the issues of legality, transparency and corporate responsibility and provide a further important signal of integrity to the market and to the more than 1,800 municipalities and 7.6 million users with whom we come into contact every day”.

 

Stefano Crea added: “Italgas represents a business model that perfectly matches the values promoted by DNV GL: trust and reliability, quality and integrity, innovation, ability to team up, care for its stakeholders, strong propensity for innovation and ability to achieve results.  We congratulate a group whose solidity and attention to improvement make it an absolute reference in its sector on a global level and which places management systems – whose principles are applied at all levels of the organization – as one of the cornerstones of its way of doing business“.

Italgas: finalised the agreement for the entry of Marguerite II into the shareholding structure of subsidiaries operating in Sardinia

Milan, 18 December 2019 – Italgas and the Marguerite II fund today finalised an agreement for the fund’s entry into the shareholding structure of Medea and Gaxa (formerly Medea Newco), the Group companies operating in Sardinia in the distribution and sale of sale of LPG, propane air and, after the necessary authorisations, also natural gas.

The transaction, announced on 1 August, was completed following the fulfilment of the conditions set out in the agreement.

For the purposes of the transaction, the enterprise value attributed to 100% of the assets at 31.12.2018 was equal to EUR 91.2 million euros, to which should be added the value of the acquisitions made in 2019 of the going concern of Isgas, owner of the gas concessions in the municipalities of Cagliari, Nuoro and Oristano.

The agreement involves the acquisition by Marguerite II of 48.15% of the share capital of Medea and Gaxa, with the payment of approximately EUR 25 million and subsequent capital increases for a total of approximately 44 million, of which approximately 11 million paid today, intended to provide pro-quota equity funding for the investments planned for the island in the Italgas 2019-2025 Business Plan.

Marguerite II is participated by the EIB and several of the main European national promotional banks (the Italian Cassa Depositi e Prestiti, the French Caisse des Dépôts Group, the Polish BGK, the German KfW and the Spanish ICO); it was launched in 2017 to support the development of projects in the energy, renewables, transport and digital infrastructure sectors, helping to implement the main EU policies in the areas of climate change, energy security and trans-European networks.