Through an investment program of 6.4 billion euros strongly focused on digital innovation, and strategies for energy, operating and financial efficiency, the 2019-2025 strategic plan will guarantee Italgas growth while maintaining its solid financial structure.


Following the results achieved in recent years and the actions for growth and development undertaken, the 2019-2025 Plan has revised up all the main targets. 

Results of the plan:

 In euro

2018 Results

2019 Results


1.17 billion

1.25 billion

 Ebitda adj.

842 million

907.5 million


522.7 million

740 million

 Consolidated RAB (including M&A)

6.2 billion

7.4 billion

 Net Debt/RAB




Objectives of the new plan:

 In euro

 2025 Outlook (with tenders)

 Consolidated Ebitda

 about 1.8 billion euros

 EBITDA Margin

 about 75%


 8 - 8.5%

 Consolidated RAB

 above 10 billion euros

 Net Debt/RAB



How to reach our objectives:

The targets included in the above table are consistent with the strategic priorities described in the 2019-25 Strategic Plan.

They assume total capex of 4.5 billion euros over 2019-25 with additional investment opportunities of approximately 1.9 billion euros for the acquisition of networks following sector tenders and the related capex. Of the 4.5 billion euros, around 0.5 billion euros will be invested to develop the distribution network in Sardinia and 1 billion euro will be invested for technological innovation and digitisation, including the completion of the installation plan for the latest generation of smart meters in 2020. The plan assumes and unchanged dividend policy, ongoing focus on efficiencies and a stable financial structure.  

ultimo aggiornamento 05 August 2020 09:45 UTC