Previous close | 4.9005 |
Open | 4.8380 |
Bid | 4.6080 x 0 |
Ask | 5.0900 x 0 |
Day's range | 4.8320 - 4.9120 |
52-week range | 4.5200 - 6.0750 |
Volume | |
Avg. volume | 135,319 |
Market cap | 4.26B |
Beta (5Y monthly) | 0.52 |
PE ratio (TTM) | 9.15 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.32 (6.54%) |
Ex-dividend date | 22 May 2023 |
1y target est | N/A |
Italy's biggest gas distributor Italgas said on Tuesday its core profit rose 18% to 607 million euros ($670 million) in the first half driven by growth at the group's energy efficiency business. The good performance at Italgas non-regulated business more than offset an increase in net financial expenses, which almost doubled to 45 million euros.
Italgas, Italy's biggest gas distributor, unveiled plans on Thursday to invest 7.8 billion euro ($8 billion) in its business by 2029, but its shares slipped as some analysts were unimpressed by earnings projections and dividend plans. The company said the money, little changed from the 7.9 billion euros announced last year for 2022-2028, would modernise its network, strengthen its new Greek unit and expand its water and energy efficiency businesses. Speaking in London, CEO Paolo Gallo said he was surprised by the market reaction.
Italy's biggest gas distributor Italgas said on Thursday its core profit rose 19% to 297 million euros ($328 million) in the first quarter, lifted by both a newly acquired Greek business and its energy efficiency services. Italgas finalised the acquisition of Greek gas grid operator DEPA Infrastructure last year and will announce on June 14 its updated plans for investments of the group and its new unit.