0RK1.IL - Italgas S.p.A.

IOB - IOB Delayed price. Currency in EUR
+0.04 (+0.77%)
At close: 05:34PM BST
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Previous close5.53
Bid5.29 x 0
Ask0.00 x 0
Day's range0.00 - 0.00
52-week range
Avg. volume118,312
Market cap4.514B
Beta (5Y monthly)0.53
PE ratio (TTM)10.71
EPS (TTM)0.52
Earnings dateN/A
Forward dividend & yield0.32 (5.76%)
Ex-dividend date22 May 2023
1y target estN/A
  • Reuters

    Italgas Q1 results boosted by Greek acquisition

    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.

  • Reuters

    Italgas to make offer for Veolia's Italian water assets in mid-May

    Italgas aims to bid for French group Veolia Environnement's Italian water assets in the middle of next month and close the deal swiftly, the CEO of Italy's biggest gas distributor, Paolo Gallo, said on Thursday. Italgas said in March it had entered into exclusive talks with Veolia to buy the entire share capital or a majority stake in companies running water services in the regions of Lazio, Campania and Sicily. Italgas is a state-controlled company listed on the Milan stock exchange.

  • Reuters

    Gas from grappa: spirits maker Bonollo turns waste to biomethane

    PADUA, Italy - (Reuters) - Bonollo, known for making Italy's traditional spirit grappa, and gas distributor Italgas opened the first biomethane plant in an Italian distillery on Wednesday, in a move that could spur the country's production of renewable natural gas. Biomethane, which in this case is made from the liquid remaining from the distillation of grape-based products, is the result of the treatment and purification of biogas. The most popular product of the family-owned group is grappa, which is manufactured from grape-based pomace, the skins, seeds and stems which are left over from winemaking.

  • Reuters

    Italgas in exclusive talks to buy Veolia's Italian water assets

    Italy's biggest gas distributor Italgas said on Tuesday it had entered into exclusive talks with Veolia Environnement to acquire stakes in Italian water companies owned by the French group. Italgas said that Veolia had granted it an exclusivity period until May 10 to complete due diligence activities, without providing financial details. Under the potential deal, Italgas would acquire the entire share capital or a majority stake in companies running water services in the regions of Lazio, Campania and Sicily.

  • Reuters

    Italgas 2022 results boosted by energy efficiency business

    MILAN (Reuters) -Italy's biggest gas distributor Italgas said its adjusted core profit rose 7.3% to 1.08 billion euros ($1.14 billion) in 2022, driven by its energy efficiency business and the consolidation of Greek DEPA Infrastructure. Italgas, which runs around 81,000 kilometres of gas pipelines, had forecast adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of between 1.0 billion and 1.03 billion euros last year. Italgas CEO Paolo Gallo said on a call with analysts that the group plans to focus its energy efficiency business on services for industrial clients as an Italian government incentive scheme to support the green transition for households is being phased out.

  • Reuters

    Italgas completes purchase of Greek gas grid, plans modernisation

    ATHENS (Reuters) -Italgas said on Thursday it had concluded a deal to buy Greek gas grid DEPA Infrastructure from Greece's privatisation agency and Hellenic Petroleum and said it planned to expand and digitise it. DEPA Infrastructure, which the agency and Hellenic Petroleum agreed to sell for 733 million euros ($735 million), holds stakes in Greece's three main gas distribution operators, which together manage 7,500 km (4,700 miles) of gas network. The Italian group, which runs about 74,000 km (46,000 miles) of regulated gas pipelines, clinched the deal last year and said it would invest 8.6 billion euros to 2028 to modernise the Greek gas grid and complete the upgrade of its Italian network.

  • Reuters

    Italy does not need EU plan to cut gas by 15% - Italgas

    Italy should not need to cut its gas consumption by 15% in the winter as proposed by the European Commission, the chief executive of gas distributor Italgas said on Monday. "Thanks to the activity of the government... the upcoming winter should be not so critical for Italy," Paolo Gallo said, adding that the 15% reduction in gas used in the country should not be required. Italy has been reducing its reliance on Russian gas since the invasion of Ukraine and is aiming to get its storage facilities filled in time for winter.

  • Stockopedia

    Italgas SpA passes this 3-point dividend checklist

    For income investors concerned about uncertain economic conditions, the comfort of a regular, reliable dividend is hard to overstate. But finding these kinds o...