Established on 1 June 2016, Italgas operations stem from a partial and proportional demerger from Snam and the company was listed on Borsa Italiana’s FTSE MIB index from 7 November 2016.
As a group, today we primarily operate in gas distribution and metering, only residually in water distribution and sales, and only for a very short time in the energy efficiency sector following the acquisition of Seaside. Owing to the irrelevance of the water business area and the recent entry into energy efficiency, as of today a single operations sector pursuant to IFRS 8 has been identified: gas distribution and metering.
The financial figures presented here reflect these key business areas.
Key financial figures
|Total revenues (*)||1,124.2||1,178.1||1,257.9|
|Adjusted EBIT (**)||422.9||456||516|
|Adjusted net profit (**)||296.4||315.5||351.6|
(*) The management income statement compared to the legal statement, recognises “Service concession agreements” net of the impact of IFRIC 12 (€ 621.1 and € 447.0 million in 2019 and 2018 respectively), the reclassification of connection contributions and residual components (€ 16.6 and € 15.2 million in 2019 and 2018 respectively) as well as recognising the net margin of Energy Efficiency Certificates [TEE].
(**) Adjusted net Profit means adjusted net profit attributable to the Italgas Group net of the portion pertaining to third parties.
|Net invested capital as at 31 December||4,905.9||5,193.5||6,280|
|Net financial debt||3,720.3||3,814.3||4,410.6|
|Financial debts for leasing ex IFRS 16||49.9||74.7|
The figures from before 2017 can be found in the listing prospectus.
ultimo aggiornamento 25 July 2020 02:28 UTC