Objectives and results
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 |
|
Revenues |
1.17 billion |
1.25 billion |
|
Ebitda adj. |
842 million |
907.5 million |
|
Capex |
522.7 million |
740 million |
|
Consolidated RAB (including M&A) |
6.2 billion |
7.4 billion |
|
Net Debt/RAB |
60% |
60.6% |
Objectives of the new plan:
|
In euro |
2025 Outlook (with tenders) |
|
Consolidated Ebitda |
about 1.8 billion euros |
|
EBITDA Margin |
about 75% |
|
Ebit/RAB |
8 - 8.5% |
|
Consolidated RAB |
above 10 billion euros |
|
Net Debt/RAB |
<60% |
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