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Italgas SpA (IG.MI)

IG.MI on Milan Stock Exchange

5.53EUR
18 Apr 2019
Change (% chg)

€0.05 (+0.95%)
Prev Close
€5.47
Open
€5.48
Day's High
€5.53
Day's Low
€5.47
Volume
1,474,177
Avg. Vol
1,916,489
52-wk High
€5.64
52-wk Low
€4.35

Latest Key Developments (Source: Significant Developments)

Italgas FY Net Profit Up 7.1 Pct At EUR 313.7 Mln
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Italgas SpA ::FY REVENUE EUR 1.18 BILLION, UP 4.6 PERCENT YOY.FY EBITDA EUR 839.5 MILLION, UP 8.2 PERCENT YOY.FY NET PROFIT EUR 313.7 MILLION, UP 7.1 PERCENT YOY.NET FINANCIAL DEBT: €3,814.3 MILLION (+2.5%) AT END-DEC.PROPOSES DIVIDEND OF EUR 0.234 PER SHARE.  Full Article

Italgas Signs Deal To Buy 19 Concessions In Central And Southern Italy And Sardinia
Friday, 28 Dec 2018 

Dec 28 (Reuters) - Italgas SpA ::AGREEMENT FOR ACQUISITION OF 19 CONCESSIONS IN CENTRAL AND SOUTHERN ITALY AND SARDINIA.TOTAL EVALUATION OF THESE ACQUISITIONS (ENTERPRISE VALUE) HAS BEEN ESTABLISHED AT ABOUT EUR 68.6 MILLION.AT CLOSING OF TRANSACTION, PRICE WILL BE PAID IN FULL IN CASH, NET OF DEBT.IN ADDITION, TO ACQUIRE 10% OF ISGASTRENTATRÈ, OWNER OF CONCESSION FOR GAS DISTRIBUTION IN BASIN 33 OF SARDINIA.AGREEMENTS FOR THE ACQUISITION OF ISGASTRENTATRÈ ALSO PROVIDE FOR THE COMMITMENT TO TAKE OVER THE REMAINING 90%.IF CONDITIONS ARE NOT MET, CONSCOOP MUST REPURCHASE 10% ISGASTRENTATRÈ STAKE AT SAME PRICE (EUR 300,000).  Full Article

Italgas expects new M&A operation by year end - CEO
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Italgas CEO Paolo Gallo says::EXPECTS TO ANNOUNCE NEW M&A OPERATION BY YEAR END.  Full Article

Italgas Approves Issue Of One Or More Bonds By Nov 4, 2019
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Italgas SpA ::SAYS APPROVED RENEWAL OF EMTN PROGRAMME.BOARD HAS ALSO APPROVED ISSUE, BY 4 NOVEMBER 2019, OF ONE OR MORE BONDS TO BE PLACED WITH INSTITUTIONAL INVESTORS.  Full Article

Italgas 9-Mth EBITDA EUR 629.2 Mln, Up 8.9 Pct YoY
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Italgas SpA ::9-MONTH EBITDA EUR 629.2 MILLION, UP 8.9 PERCENT YOY.9-MONTH NET PROFIT EUR 226.4 MILLION, UP 6.1 PERCENT YOY.9-MONTH TOTAL REVENUE: €880.7 MILLION (+5.5%).CEO SAYS RESULTS ALLOW CO TO CONFIRM THE TARGETS SET FOR 2018.  Full Article

Italgas Acquires 100% Of Seaside
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Italgas ::ACQUIRES 100% OF SEASIDE.THE OVERALL VALUATION OF THE SEASIDE ASSETS (ENTERPRISE VALUE) HAS BEEN SET AT 8.5 MILLION EUROS.  Full Article

Italgas 2017 adj profits jump 34 pct, dividend up 4 pct
Monday, 12 Mar 2018 

March 12 (Reuters) - Italgas says::2017 REVENUES UP 4.3 PERCENT Y/Y TO 1.124 BILLION EUROS.2017 ADJUSTED EBITDA 781.2 MILLION EUROS, UP 14.1 PERCENT.TO PAY 2017 DIVIDEND OF 0.208 EUROS PER SHARE, UP 4 PCT.2017 ADJUSTED NET PROFIT UP 34 PERCENT AT 296.4 MILLION EUROS VERSUS ANALYST CONSENSUS PROVIDED BY COMPANY OF 279 MILLION EUROS.NET DEBT END 2017 AT 3.72 BILLION EUROS.  Full Article

Italgas Buys Concession And Gas Distribution Network Of Portopalo
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - ITALGAS ::SIGNS WITH AENERGIA RETI BINDING AGREEMENT TO BUY BUSINESS UNIT WITH GAS DISTRIBUTION CONCESSION OF PORTOPALO.PRICE OF ACQUISITION IN EUR 2.2 MILLION.BUSINESS UNIT ALSO HAS GAS DISTRIBUTION NETWORK IN CITY OF PORTOPALO DI CAPO PASSERO.  Full Article

Hera Signs Binding Agreement To Sell Italgas 100 Pct Of Medea
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - HERA AND ITALGAS ::SIGN BINDING AGREEMENT FOR THE TRANSFER TO ITALGAS OF 100 PERCENT OF MEDEA.MEDEA HAS CONCESSION FOR GAS DISTRIBUTION AND SALE IN CITY OF SASSARI.MEDEA'S OVERALL ENTERPRISE VALUE HAS BEEN SET AT EUR 24.1 MILLION.SAY TRANSACTION IS EXPECTED TO BE CONCLUDED WITHIN THE FIRST FEW MONTHS OF 2018.AT CLOSING OF TRANSACTION, PRICE WILL BE PAID ENTIRELY IN CASH, NET OF DEBT.  Full Article

Italgas Signs With EIB Loan Agreement For Eur 360 Mln
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Italgas ::SIGNS WITH EUROPEAN INVESTMENT BANK LOAN AGREEMENT FOR EUR 360 MILLION TO STRENGTHEN ITS DISTRIBUTION NETWORK.FINANCING WILL HAVE VARIABLE INTEREST RATE AND MATURITY IN 20 YEARS.  Full Article

Italy - Factors to watch on April 18

MILANO, April 18 The following factors could affect Italian markets on Thursday.