Overview
Italy's gas distributor reported adjusted EBITDA up 39.4% yr/yr
Company completed merger of 2i Rete Gas, enhancing operational efficiency
Company proposes dividend increase of 13.3%
Outlook
Company did not provide specific future guidance in its press release
Result Drivers
MERGER IMPACT - Integration of 2i Rete Gas boosted operational efficiency and drove EBITDA growth
INFRASTRUCTURE INVESTMENTS - Co invested 1.2 bln EUR in network upgrades, enhancing service quality
ENERGY EFFICIENCY - Advanced business model improved results in energy efficiency sector
Company press release: ID:nBIA2GFprt
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted EBITDA
EUR 1.88 bln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the natural gas utilities peer group is "buy"
Wall Street's median 12-month price target for Italgas SpA is €10.00, about 3.9% below its March 3 closing price of €10.41
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
