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Italgas S.p.A. (IG.MI)

Milan - Milan Delayed price. Currency in EUR
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5.400.00 (0.00%)
At close: 05:35PM CET
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Previous close5.40
Open5.39
Bid5.39 x 0
Ask5.40 x 0
Day's range5.34 - 5.41
52-week range4.68 - 6.09
Volume2,639,180
Avg. volume2,213,008
Market cap4.381B
Beta (5Y monthly)0.56
PE ratio (TTM)10.19
EPS (TTM)0.53
Earnings date02 May 2024 - 06 May 2024
Forward dividend & yield0.35 (6.52%)
Ex-dividend date20 May 2024
1y target est5.90
  • 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.