Italgas reports 6% rise in first-quarter adjusted core profit
07/05/2025 07:22
MILAN, May 7 (Reuters) - Europe's biggest gas distributor Italgas IG.MI said on Wednesday that its adjusted core profit rose 6% year-on-year in the first quarter, as it begins integrating recently-acquired 2i Rete Gas. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 345 million euros ($392.06 million), driven by growth in its regulated activities. The group completed last month the 5.3-billion-euro acquisition of smaller rival 2i Rete Gas. ($1 = 0.8800 euros) (Reporting by Francesca Landini, editing by Gavin Jones) ((francesca.landini@thomsonreuters.com; +39 02 66129437; Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))