NIKKEI 225
37,552.16 +113.55 (+0.30%) HANG SENG
16,828.93 +317.24 (+1.92%) CRUDE OIL
83.45 +0.09 (+0.11%) GOLD FUTURES
2,336.40 -5.70 (-0.24%) DOW
38,503.69 +263.71 (+0.69%) Bitcoin GBP
53,271.80 -696.21 (-1.29%)
Italgas S.p.A. (IG.MI)
| Previous close | 5.14 |
| Open | 5.15 |
| Bid | 5.19 x 0 |
| Ask | 5.20 x 0 |
| Day's range | 5.12 - 5.20 |
| 52-week range | 4.68 - 6.03 |
| Volume | |
| Avg. volume | 2,433,106 |
| Market cap | 4.21B |
| Beta (5Y monthly) | 0.57 |
| PE ratio (TTM) | 9.61 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.35 (6.85%) |
| Ex-dividend date | 20 May 2024 |
| 1y target est | N/A |
- Reuters
Italgas 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.
- Reuters
Italgas 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.
- Reuters
Italgas 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.
