Thursday , May 6 2021

Italgas, results consistent with the plan: revenue growth and revenue –

MILAN – Italgas closed the first nine months of this year with a 6.1% increase to EUR 226.4 million, and revenues grew by 5.5% to EUR 880.7 million. The company announced that it was growing in line with the "industrial plan goals".

Gross Operating Profit (Ebitda) to EUR 629 million (+ 8.9%) and operating profit (EBIT) to 333.9 million (+ 8.9%).

Investments in technical investments amounted to EUR 349.1 million, the net cash flow from operating activities amounted to EUR 590 million. The net financial debt amounts to EUR 3,734.2 million. In the first nine months of this year, Italgas has 1,709 concessions, and in the distribution network of 67,9 thousand kilometers are active 7,477 million meters.

The results for the first nine months "enable us to confirm the goals set for 2018 through the industrial plan, thanks to the ongoing focus on operational efficiency and commitment to the realization of planned investments, investments that have already produced significant network development and the number of customers managed," said the CEO Italgasa Paolo Gallo, commenting on nine-month accounts. "The realization of the digitization digitalization project – adds – the processes are proceeding according to the plan, the end of the cloud transition will be completed the next days, and our digital factory will be in place already in November, important organizational, technological and cultural transformations that will bring significant improvements in terms of infrastructure management, efficiency and, above all, quality of service. "

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