Italgas S.p.A. (0RK1.IL)
| Previous close | 5.16 |
| Open | 5.12 |
| Bid | 4.86 x 0 |
| Ask | 5.38 x 0 |
| Day's range | 5.12 - 5.20 |
| 52-week range | 4.69 - 6.03 |
| Volume | |
| Avg. volume | 238,850 |
| Market cap | 4.265B |
| Beta (5Y monthly) | 0.54 |
| PE ratio (TTM) | 9.81 |
| EPS (TTM) | 0.53 |
| Earnings date | N/A |
| Forward dividend & yield | 0.32 (6.61%) |
| Ex-dividend date | 22 May 2023 |
| 1y target est | N/A |
ReutersItalgas ups dividend after rise in 2023 core earnings
Europe's biggest gas distributor Italgas said on Tuesday it would increase its dividend on 2023 results by 11% after its adjusted core earnings for last year met its forecast. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in 1.184 billion euros ($1.29 billion) last year, up more than 9% on 2022 mainly driven by growth of non-regulated businesses. Net financial debt came in at 6.9 billion euros at the end of December, up from 6.5 billion euros at the end of 2022.
ReutersItalgas may revise up investments for new water assets
Italy's biggest gas distributor Italgas may revise up its estimate for future investment in its newly-acquired water business, its CEO said on Wednesday during a post-results conference call. The group finalised earlier this year the purchase of three Italian water businesses from France's Veolia as part of its diversification strategy, in a deal worth up to 115 million euros excluding debt. Speaking with analysts, Italgas CEO Paolo Gallo said the group had already included 300 million euros ($317 million) of gross capital expenditures for the water business in the recent business plan covering 2024-29 period, but a more precise figure would be calculated soon.
ReutersItalgas reports 18% rise in H1 core profit
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.
