Comunicati: Press release price sensitive

Italgas launches a new fixed rate bond issue with 9-years maturity, expected nominal amount 500 million Euros

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Milan, 1 June 2023 – Italgas S.p.A. (rating BBB+ by Fitch, Baa2 by Moody’s) has launched this morning a new fixed rate bond issue, with maturity 9 years, for an expected amount of 500 million Euros.

Joint Bookrunners of the placement, restricted to institutional investors only, are Banco Santander S.A., BNP Paribas, J.P. Morgan Securities plc, Intesa Sanpaolo S.p.A., Mediobanca S.p.A, Société Générale and Unicredit Bank AG.

The transaction is to be intended as a pre-funding of the Group’s financial needs and is part of Italgas’ strategy to optimize its debt structure and extend its financial maturity profile.

Italgas: Note related to the offer presented to Veolia.

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Milan, May 31st, 2023 – In relation to the potential acquisition, announced last March 14th, of the stakes held by the Veolia Group in some companies active in water service in the regions of Lazio, Campania, and Sicily, Italgas confirms that it has submitted a binding offer in the context of the ongoing negotiations.

Appointment of the Officer Responsible

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Milan, 4 May 2023 – Italgas’ Board of Directors, which met today chaired by Benedetta Navarra, having heard the favourable opinion of the Board of Statutory Auditors, resolved to appoint Gianfranco Amoroso as the Officer responsible for the preparation of financial reports pursuant to Article 154-bis of Legislative Decree 59/98, to replace Giovanni Mercante, who has been appointed as Chief Financial Officer of the Greek subsidiary DEPA Infrastructure.

Gianfranco Amoroso has been Chief Financial Officer of Italgas since 1 June 2021.

To date, as far as the Company is aware, Gianfranco Amoroso holds 56,592 shares in Italgas (equal to approximately 0.006% of the share capital) and Giovanni Mercante holds 21,917 shares in Italgas (equal to approximately 0.002% of the share capital).

The curriculum vitae of Gianfranco Amoroso is available on the Company website at https://www.italgas.it/en/gianfranco-amoroso/ .

Italgas: consolidated results as at 31 march 2023 approved

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Milan, 4 May 2023 – The Italgas’ Board of Directors, which met today chaired by Benedetta Navarra, has approved the consolidated results as at 31 March 2023 (unaudited).

Key figures

Consolidated economic and financial highlights:

  • Total revenues: € 479.9 million (+35.6%)
  • Gross operating margin (EBITDA): € 297.2 million (+18.9%)
  • Operating profit (EBIT): € 172.5 million (+21.6%)
  • Net profit attributable to the Group: € 103.6 million (+16.5%)
  • Technical investments: € 175.1 million
  • Cash flow from operating activities: € 107.2 million
  • Net financial debt (excluding the effects pursuant to IFRS 16)1: € 6,016.8 million
  • Net financial debt 2: € 6,089.5 million

Operating highlights (including affiliates):

  • Municipalities in gas distribution concessions: 2,045
  • Number of active meters: 7.961 million
  • Gas distribution network: 81,401 Km

Sustainability highlights:

  • 24.7 103 tCO2 eq Scope 1 and 2 (-6.4%)
  • Net energy consumption: 172.3 TJ (-17.3%)
  • 25,789 km of network inspected (+24.3%)
  • Fugitive emissions/km investigated: 35.02 Sm3/km (-21.8%)

In the first three months of 2023 Italgas Group’s operational activities continue in order to achieve the network’s digital transformation objectives and the sustainability targets set by the Sustainable Value Creation Plan contained in the 2022-2028 Strategic Plan. Italgas’ distribution networks – smart, digital and flexible – are ready to accommodate renewable gases, such as biomethane, hydrogen and synthetic methane, and to act as a driving force for the ecological transition while guaranteeing energy security and competitive costs for industries and citizens.

Key economic indicators continue to grow, thanks to major investments in the digitization of assets, processes and people that confirm the pivotal role of technological innovation in the Group’s development path.

During the period, € 175.1 million of investments were made, mainly for the extension, digital transformation and repurposing of networks. More specifically, 213 kilometres of new pipelines were laid in the first quarter of 2023.

The EBITDA for the first three months of 2023 amounted to € 297.2 million (+18.9% compared to 31 March 2022) and net profit attributable to the Group was € 103.6 million (+16.5% compared to 31 March 2022).

With reference to sustainability objectives, the significant contribution of the various innovation, digitisation and energy efficiency initiatives, both in the industrial and civil sectors, as well as the training activities aimed at informing employees on energy efficiency issues, have allowed the Group to continue on its path towards reducing net energy consumption (-17.3%) and Scope 1 and 2 climate-changing emissions (-6.4%), also in view of the inclusion of the DEPA Infrastructure Group’s contributions related to 2023.

 

Paolo Gallo, CEO of Italgas, commented:

The results achieved in the first quarter allow us to start 2023 under the banner of growth both in terms of performance and the business development in the countries where we operate.

All economic indicators showed double-digit growth, with EBITDA increasing by 18.9% to almost € 300 million and Group Net Profit exceeding € 100 million, up 16.5% compared to the first quarter of last year, thanks also to the contribution of the activities in Greece and the ESCo company.

The € 175 million invested in this first quarter further accelerated the digital transformation of the network that makes our networks ready to accommodate the renewable gases. Such gases are strategic for an ecological transition that ensures, in line with EU objectives, energy security and cost competitiveness for citizens and businesses.

Thanks to the commitment of the men and women of the Italgas Group, we are working to provide communities with an increasingly efficient service using cutting-edge technology; the very same technologies that we have laid at the heart of our path towards a decarbonised economy.

 

1 The item expresses net financial debt excluding the effects of IFRS 16 payables and the Italgas NewCo shareholder loan, inclusive of interest.

2 The item does not include liabilities for € 35.0 million consisting of the pro-rata share of the shareholder loan, including interest, to Italgas Newco S.p.A, subordinated and convertible into shares, subscribed by the shareholder Phaeton Holding SA, deemed not to be financial debt.

Italgas: Shareholders’ Meeting approves 2022 Financial Statements and dividend proposal

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  • 2022 financial statements approved;
  • Dividend of € 0.317 per share (+7.5% on the previous year);
  • Favourable opinion on Report on the 2023 Remuneration Policy and 2022 Compensation Paid;
  • 2023-2025 Long Term Incentive Plan approved.

Turin, 20 April 2023 – The Ordinary Shareholders’ Meeting of Italgas took place today in Turin under the chairmanship of Benedetta Navarra. The meeting was attended by shareholders holding 82.52% of the share capital.

Benedetta Navarra, Chairwoman of Italgas, commented:

“Today’s Shareholders’ Meeting marks the end of another very important year for the Italgas Group. A year of positive results and growth in all areas and of winning choices that have placed the Company in the position to play a leading role in the ecological transition process and to become an international benchmark. Digitisation, technological innovation, circular economy, training, diversity and inclusion continue to be the cornerstones of our actions at the disposal of communities and territories”.

Paolo Gallo, CEO of Italgas, commented:

“Even in 2022 Italgas played its part in contributing to the achievement of the EU targets, considering that alongside decarbonisation targets it is crucial to ensure security of supply and industry competitiveness. An approach that we are also promoting in Greece, since the last months of last year marked the Group’s return abroad with the acquisition of Depa Infrastructure, the country’s main gas distribution player.

Digital transformation is pivotal to achieving these goals: within the next year we will complete the transformation of our network into a network of the future – smart, digital and flexible – able to easily receive and safely distribute renewable gases such as biomethane, hydrogen and synthetic methane, and to meet the targets of the ecological transition to the ‘net zero economy’, increasing diversification of sources at competitive costs.

In 2022 we have significantly strengthened our presence in the energy efficiency sector through Geoside, which now represents one of the main players at national level. Also, we are working to borrow the technological excellence developed in the management of gas networks into the water distribution sector. The target is to improve efficiency and service quality in a sector that historically suffers from a fragmentation of management and lack of investment.”

The Shareholders’ Meeting:

  • examined the consolidated financial statements of the Italgas Group as at 31 December 2022, which closed with a net profit attributable to the Group of € 407.3 million (€ 362.8 million in 2021) and an adjusted net profit attributable to the Group of € 395.7 million (€ 367.7 million in 2021);
  • approved the Italgas S.p.A. financial statements for the year as at 31 December 2022, which closed with a net profit of € 259,813,111.40 (€ 239,588,775 in 2021);
  • resolved to allocate € 0.317 (+7.5% compared to the previous year) as a dividend due on each share in proportion to the shares in circulation on the coupon payment date, using the profit for the financial year amounting to € 259,813,111.40 as recorded in Italgas S.p.A.’s financial statements as at 31 December 2022. The payment of the dividend shall be enforced from 24 May 2023, with the payment date of coupon no. 7 established as 22 May 2023 and record date as 23 May 2023.

The accounting process which led to the Company drawing up an Integrated Report for the financial year 2020 was also continued for 2022, with respect to the clear objective of providing evidence of constant development toward the integration of corporate decision-making processes. Such development can be achieved through the organisation’s coherent vision in terms of its operations, risks and opportunities, with the aim to guarantee sustainable management, aimed at creating value over time in social, environmental and economic-financial sectors. For this reason, reports on performance and factors which determine and influence the company’s ability to create value (including, therefore, also non-financial information in accordance with Legislative Decree No. 254/2016) are illustrated in the “Integrated Annual Report 2022”, containing the Directors’ Report, the Consolidated Financial Statements and the Financial Statements for the Year 2022.

As regards the Report on the 2023 Remuneration Policy and the 2022 Compensation Paid, the Shareholders’ Meeting approved, with a binding vote in accordance with article 123-ter, subsection 3-ter, of Legislative Decree no. 58 of 24 February 1998 (“CLF”), Section I containing the “2023 Remuneration Policy”, and, in accordance with subsection 6 of the aforementioned article, expressed its favourable opinion with an advisory and non-binding vote on Section II in relation to the 2022 Compensation Paid.

Lastly, the Shareholders’ Meeting approved the 2023-2025 Long Term Incentive Plan, under the terms and conditions described in the Information Notice made available to the public as required by law. This tool is intended to promote the further alignment of management with the interests of Shareholders and the sustainability of value creation in the long term.

***

The manager responsible for preparing the accounting and corporate documents, Giovanni Mercante, declares, pursuant to paragraph 2, Article 154-bis of the CLF, that the accounting information contained in this report corresponds to the documented results, books and accounting records.

Italgas: exclusive negotiations with Veolia for the potential acquisition of stakes in some companies active in the water sector in the regions of Lazio, Campania and Sicily

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Milan, 14 March, 2023 – Italgas has entered into exclusive negotiations with Veolia Environnement S.A. Group for the potential acquisition of the Veolia Group’s stakes in a number of companies active in water service in the regions of Lazio, Campania and Sicily.

The transaction is part of the broader strategy outlined in the 2022-2028 Strategic Plan, aiming at strengthening the Group presence in the water sector. As part of the ongoing negotiations, the Veolia Group has granted Italgas an exclusivity period until May 10, 2023, for completing the due diligence activities.

Specifically, the transaction includes the potential acquisition of the Veolia Group’s stakes in the following companies:

  • 100% of Acqua S.r.l., which in turn directly holds 98.5% of Idrosicilia S.p.A. and, indirectly, 75% of the equity of Siciliacque S.p.A;
  • 100% of Idrolatina S.r.l., which in turn holds about 49% of Acqualatina S.p.A;
  • 47.9% of Acqua Campania S.p.A.

Acqua, Idrosicilia and Idrolatina are pure holding companies, while Siciliacque, Acqualatina and Acqua Campania are the operational ones.

Specifically:

Siciliacque operates under concession for the collection, storage, potabilization and adduction service in the Sicily Region with about 2,000 km of adduction network. The service covers more than 30% of the regional population.

Acqualatina manages the Integrated Water Service in ATO (Optimal Territorial Area) 4-Lazio Meridionale, which includes 38 municipalities and 550,000 inhabitants.

Acqua Campania operates in the Acquedotto Campania Occidentale under concession from the Campania Region. The operational activities of the company are the collection, potabilization, adduction and transportation of drinking water serving water distribution companies, for about 4 million inhabitants.

Italgas: The Board of Directors convenes the Shareholders’ Meeting on 20 April 2023

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Milan, 9 March 2023 – Italgas’ Board of Directors, which met today under the chairmanship of Benedetta Navarra, resolved to call an Ordinary Shareholders’ Meeting on 20 April, at 2.30 p.m., in a single call, to resolve on the approval of the 2022 Financial Statements, the proposed profit allocation, the report on the remuneration policy and compensation paid, as well as the 2023-2025 long-term incentive plan.

The Board has resolved to propose to the Shareholders’ Meeting the distribution of a dividend of 0.317 euros for each Company share with dividend rights. If so resolved by the Shareholders’ Meeting, the dividend will be paid out on 24 May 2023, with coupon date of 22 May 2023 (record date 23 May 2023).

The Board of Directors, on the basis of information provided by those concerned, also ascertained, for all members, that there are no causes of ineligibility, forfeiture and incompatibility, that the integrity requirements laid down by current legislation are met, as well as compliance with the limits on the accumulation of offices established by the board; moreover, taking into account the provisions of Legislative Decree 58/98 (“CLF”) and the Corporate Governance Code (and the quantitative and qualitative criteria approved by the Board of Directors for the independence assessment), the Board of Directors assessed the independence of its Directors on 9 March 2023, confirming the assessments made at the meeting on 26 April 2022. On the same date, the Board of Directors acknowledged the check performed by the Board of Statutory Auditors in respect of its members on the absence of situations of ineligibility, forfeiture and incompatibility, that they meet the professional and integrity requirements, compliance with the limits on the accumulation of offices and that the independence requirements for members of the Board of Statutory Auditors were still met, also in accordance with the Corporate Governance Code (also taking into account the aforementioned quantitative and qualitative criteria).

In execution of the 2018-2020 Co-Investment Plan approved by the Ordinary and Extraordinary Shareholders’ Meeting of 19 April 2018, the Board resolved on the free allocation of a total of 499,502 new ordinary shares of the Company to the beneficiaries of said Plan (third cycle of the Plan) and started the execution of the third tranche of the share capital increase resolved on by the aforesaid Shareholders’ Meeting, for a nominal amount of euro 619,382.48  euros drawn from retained earning reserves. The Company will provide accurate information in the manner and within the terms prescribed by law on the implementation of the Plan and the share capital resulting from the execution of said increase.

The Ordinary Shareholders’ Meeting will be held in Turin, Largo Regio Parco 9, and those entitled to participate may also do so through Computershare S.p.A., which has been identified as the Company’s “Designated Representative” pursuant to art. 135-undecies of the CLF. For more information in this regard, see the call notice of the Ordinary Shareholders’ Meeting of Italgas which will be published by the Company in the manner and within the terms prescribed by law.

As indicated in the Shareholders’ Meeting call notice, the Integrated Annual Report as at 31 December 2022, the Report on the 2023 Remuneration Policy and 2022 Compensation Paid, the 2022 Corporate Governance and Ownership Structure Report, documentation on the 2023-2025 Long Term Incentive Plan, reports on the items on the agenda, and the remaining legal documentation for the purposes of the Shareholders’ Meeting will be made available within the time period established by law.

Italgas: Consolidated results as at 31 December 2022 approved

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The Board of Directors has convened the Shareholders’ meeting for 20 April 2023

Milan, 9 March 2023 – Italgas’ Board of Directors, chaired by Benedetta Navarra, met today and approved the consolidated results as at 31 December 2022 and resolved to propose to the Shareholders’ Meeting, called to meet on 20 April 2023, the distribution of a dividend of € 0.317 per share (+7.5% compared to 2021).

Key figures1

Consolidated economic and financial highlights:

  • Adjusted total revenues: € 1,537.3 million (+12.1%)
  • Adjusted EBITDA: € 1,082.7 million (+7.3%)
  • Adjusted EBIT: € 622.8 million (+6.8%)
  • Adjusted net profit attributable to the Group: € 395.7 million (+7.6%)
  • Technical investments: € 814.3 million;
  • Cash flow from operating activities: € 571.7 million;
  • Net financial debt2: € 6,000.1 million;
  • Net financial debt (excluding the effects pursuant to IFRS 16)3: € 5,928.1 million;

Operating highlights (including affiliates):

  • Municipalities in gas distribution concessions: 2,044
  • Number of active meters: 7.959 million
  • Gas distribution network: 81,310 Km

Sustainability Highlights (Planet, People, Partnership)4:

Planet

  • 2 103 tCO2 eq Scope 1 and 2 (-12.1% on 2021);
  • 5 103 tCO2 eq Scope 3 supply chain (-6.6% on 2021);
  • Net energy consumption: 472.0 TJ (-21.0% on 2021);
  • Volumes of gas distributed: 7,961.3 million Sm3 (-10.4% on 2021);
  • Energy intensity5: 0.06 (in line with 2021);
  • Gas leakage rate6: 0.087% (in line with 2021);
  • Fugitive emissions (Sm3/km network): 90.5 (-15.2% on 2021);
  • Sending 97.6% of waste produced by the Group and 94.5% of waste produced by contractors for recovery;

People

  • 7% women in positions of responsibility (+2.7% on 2021);
  • 8% women in the company (+1.4% on 2021);
  • 129,700 hours of training delivered (+15.4% on 2021), of which 33,155 for topics relating to digitisation;

Partnership

  • 286 innovative SMEs and start-ups involved in possible collaborations related to digitisation, technological innovation, energy efficiency, security and sustainability of Group processes;
  • About 40% of strategic suppliers involved and trained on ESG issues.

The positive results achieved in 2022 are further confirmation of the strength of the Group, which has continued to grow even in a social, political and economic context that has been affected by the outbreak of war in Ukraine and the resulting effects on the energy markets.

Together with the growth of the economic and financial indicators and the development of operations, the sustainability targets, which had been further revised upwards in the 2022-2028 Strategic Plan, were also achieved.

Also in 2022, following on from previous years, digital transformation was at the centre of the Group’s development strategies, with major investments in upgrading assets and processes as well as in upskilling and reskilling of people, in recognition of the strategic role of gas distribution networks in achieving the decarbonisation targets set for consumption.

In the period, € 814.3 million in investments were made, devoted mainly to the digital transformation, the natural gas distribution in Sardinia and the repurposing of the networks to enable them to distribute renewable gases (biomethane immediately and, in the medium term, hydrogen and synthetic methane).

In 2022, 332 km of new pipelines were laid throughout Italy. The construction of new “digital native” networks in Sardinia has, on the other hand, reached a total length of 909 km out of a total to be laid of about 1,110 km, and 13 new cryogenic LNG depots have been put into service for a total of 66 plants serving the Basins under concession.

The adjusted EBITDA at the end of 2022 amounted to € 1,082.7 million (+7.3% compared to 31 December 2021) and adjusted net profit attributable to the Group was € 395.7 million (+7.6% compared to 31 December 2021).

The consolidated balance sheet and income statement of the Italgas Group as at 31 December 2022 reflects the effects of the first consolidation, starting on 1 September 2022, of the acquisition of DEPA Infrastructure Single Member S.A. and its affiliates Attiki Natural Gas Distribution Single Member Company S.A. (EDA Attikis), Public Gas Distribution Networks S.A. (DEDA) and Thessaloniki – Thessalia Gas Distribution S.A. (EDA Thess).

Consistent with actions aimed at achieving a low-carbon economy, Italgas has decided to present its climate change strategy in a specific document: Driving innovation for energy transition7. In this document, following the recommendations from the Task Force on Climate-Related Financial Disclosure, the Group describes its strong commitment to the decarbonisation of both its business, with a “Net Zero Carbon Target” for 2050, and of the local areas it operates in, ensuring the best management of the risks and opportunities associated with climate change for its business. The document also covers additional targets, which the Group has set in the new 2022-2028 Sustainable Value Creation Plan8, which, fitting into the trajectory of the Strategic Plan, addresses business-related sustainability issues: as the Group’s every action produces impacts, we are committed to maximising the positive results and minimising the potential negative effects, generating virtuous impacts on tangible and intangible capital used in our processes.

Paolo Gallo, CEO of Italgas, commented:

Against the backdrop of a 2022 that was marked by the shock in the energy markets and the outbreak of war on Europe’s doorstep, the results achieved by Italgas are further proof of the great strength of a Group capable of continuing to grow in a context conditioned by the sharp rise in the cost of raw materials and the need to meet the energy security objectives of the country.

In the past year, all key economic-financial indicators grew significantly, with adjusted EBITDA rising 7.3% to over € 1 billion, and adjusted net profit attributable to the Group increasing 7.6% to € 395.7 million: 24 consecutive quarters of growth is an achievement that only a Company with almost two hundred years of history like Italgas could achieve.

The investments, amounting to € 814.3 million, were mainly dedicated to the repurposing of the distribution network, which is now largely digital and therefore ready to accept renewable gases such as biomethane, which is already in the network, as well as hydrogen and synthetic methane, which will be introduced in the medium term. With a special focus on biomethane, Italgas is investing in facilitating the connection of production plants to distribution networks, introducing reverse flow technology to the transmission network in order to further increase the flexibility of the gas system. 

The goals set by the REPowerEU are also achievable through the contribution of energy efficiency. A sector in which we are represented by Geoside, an operator that offers technologically advanced proprietary solutions to the market that guarantee systematic energy savings; solutions that, applied to our activities, have allowed us to reduce our energy consumption by 21% in the last year. 

2022 was also the year in which Italgas made its historic return to foreign investment with the acquisition of the DEPA Infrastructure Group, alongside which we are committed to sharing our technical and technological expertise, which will be of great importance during the phase-out process, from coal and lignite, that the Greek government has decided to implement in line with EU climate targets.

Technological innovation and digitisation, the circular economy, education, diversity and inclusion are confirmed as strategic drivers to achieving the targets set in the Sustainable Value Creation Plan, which is part of the trajectory outlined in the 2022-2028 Strategic Plan in order to continue playing a leading role in the ecological transition process towards a net-zero economy.  

1The consolidated economic and financial highlights and operational highlights reflect the effects of the consolidation of the DEPA Infrastructure Group on 1 September 2022.

2The item does not include liabilities for € 34.8 million consisting of the pro-rata share of the shareholder loan to Italgas Newco S.p.A, subordinated and convertible into shares, granted by the shareholder Phaeton Holding SA, which is considered not to be financial debt. In compliance with Consob Communication No. DEM/6064293 of 28 July 2006, the net financial debt including the effects of this shareholder loan as well as the effects of the debts pursuant to IFRS 16 is represented in the notes to the consolidated financial statements and amounts to € 6,034.9 million.

3The item shows net financial debt excluding the effects of the debts pursuant to IFRS 16 and Italgas Newco shareholder loan. See section 5.2.4 Reclassified statement of financial position.

4Highlights in reference to the Italian scope.

5Calculated as the ratio of total Group energy consumption and gas distributed.

6Volume of fugitive emissions of natural gas/volume of gas distributed.

7https://www.italgas.it/wp-content/uploads/sites/2/2022/10/2021-Driving-innovation-for-energy-transition.pdf

8https://www.italgas.it/wp-content/uploads/sites/2/2022/10/Sustainable-Value-Creation-Plan-2022-2028.pdf

Italgas’ Board of Directors approved changes the members of the Board Committees

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Milan, 22 February 2023 – The Italgas Board of Directors, chaired by Benedetta Navarra, met today and approved the change in the composition of the Board Committees, appointing Director Fabiola Mascardi as Chairwoman of the Appointments and Compensation Committee and Director Lorenzo Parola as Chairman of the Sustainable Value Creation Committee.

The Board Committees therefore consist of the following:

Appointments and Compensation Committee

  • Fabiola Mascardi* (Chairwoman)
  • Claudio De Marco*
  • Manuela Sabbatini**

Sustainable Value Creation Committee

  • Lorenzo Parola*** (Chairman)
  • Maria Sferruzza**
  • Qinjing Shen**

 

The composition of the Control, Risk and Related Party Transactions Committee was not changed

  • Gianmarco Montanari* (Chairman)
  • Claudio De Marco*
  • Manuela Sabbatini**

* Non-executive independent director in accordance with the CLF and the Corporate Governance Code

** Non-executive director

*** Non-executive independent director in accordance with the CLF

Italgas: 2023 financial calendar

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Milan, 20th January 2023  – Italgas announces the financial calendar and the dates of the publication of its 2023 financial results as approved by the Board of Directors:

  • Integrated Annual Report and draft financial statements at December 31,
    2022;
  • Dividend proposal for 2022;
  • Report on Corporate Governance and Ownership Structure 2022;
  • 2023 Compensation Report;
  • Call of Shareholders’ Meeting.
  • Board of Directors approval
  • Press release and Conference call
 March 9, 2023*
  • Financial statements at December 31, 2022;
  • Resolution on the distribution of 2022 profits.
  • Shareholders’ Meeting
  • Press release
 April 20, 2023*** in a single call
  • Interim report on operations as at 31 March 2023.
  • Board of Directors approval
  • Press release and Conference call
 May 4, 2023*
  • 2023-2029 Strategic Plan.
  • Board of Directors approval
  • Press release and Strategy Presentation

June 13, 2023;

June 14, 2023**
  • Half-year financial report H1 2023.
  • Board of Directors approval
  • Press release and Conference call

July 25, 2023;

July 26, 2023**
  • Interim report on operations as at 30 September 2023.
  • Board of Directors approval
  • Press release and Conference call

October 24, 2023;

October 25, 2023**

* Press release will be issued at the end of the Board of Directors’ meeting. The conference call to present the results to the financial community will take place on the  same day.

** Press release will be issued in the morning (non-trading hours). The conference Call for the presentation of the results/Strategic Plan to the financial community will take place on the same day.

*** Press release to be issued at the end of the Shareholders’ Meeting.

The following dates will be disclosed to the market:

– Dividend payment for 2022 fiscal year: 24 May 2023 (record date 23 May 2023), ex-dividend date: 22 May 2023.

– road-show to illustrate the objectives set in the 2023-2029 Strategic Plan starting in June.

Any changes to the above dates will be promptly reported.

Last update: