For 2019, in line with the strategic plan 2019-2025 we foresee technical investments for approximately 700 million euros, while we will continue our strategies for growth and efficiency.

 

  • Results: 2019 revenues are expected to be around 1.2 billion, with an EBITDA between 840 and 860 million euros and an Ebit between 460 and 480 million euros.

 

  • Technical investments:  we expect in 2019 to continue the significant investment plan mainly aimed at implementing network digitalization projects also through smart meter installation and Sardinia methanization, in addition to the maintenance and development program of our networks.

 

  • Calls for tender: consistent with the strategic priorities of the 2019-2025 plan, we will participate in tenders of interest for the concession of natural gas distribution services, with a view to developing our business objectives and consolidation of the sector, which is still very fragmented.

 

  • M&A: we will continue in 2019 with the market analysis and, where the conditions will be interesting, we will realize new transactions to reach our target of acquiring 60 thousand redelivery points by the end of 2019.

 

  • Operating efficiency:we will continue our actions in 2019 to further increase our operational efficiency and optimize costs. Significant contributions are expected from the company's digital transformation project.

 

  • Optimisation of the financial structureduring 2019, we will continue the actions aimed at optimizing the financial structure in order to preserve a cost of debt at levels of excellence and an appropriate financial flexibility to support development.
 M&A-opportunities

 

  • Operating efficiency: in 2019 we will be working to further increase our operating efficiency and cost optimization. In particular, we will continue to implement the program to reduce costs and improve processes and services launched in 2017 with the revision of the organizational structure of Italgas Reti, characterized by a new territorial model and by the simplification of operational processes, introducing a cultural change for the sustainability of the new model over time.

 

Grafico_Italgas_Investitori_DistributionActivities

 

  • Optimisation of the financial structure: during 2019, we will continue the actions aimed at optimizing the financial structure in order to preserve a cost of debt at levels of excellence and an appropriate financial flexibility to support development.

 

Grafico_Italgas_Investitori_PreserveInvestment

 

Grafico_Italgas_Investitori_Risk

 

ultimo aggiornamento 19 July 2019 08:32 UTC