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Italgas H1 Net Profit Down 7.7% Yr/Yr At EUR 153.4 Mln
Italgas says working capital under control, capital markets healthy
Italgas Issues 2020 Guidance, Expects EBITDA In A Range Of EUR 960-980 Mln
Italgas SpA is an Italy-based company active in the natural gas distribution. It operates a national distribution network of about 70,000 kilometers serving more than 7,5 million customers. Its services include also network monitoring, maintenance and digitalization and consume measuring. The Company is active locally.
Natural Gas Utilities
Via Carlo Bo, 11
Non-Executive Chairman of the Board
Chief Executive Officer, General Manager
General Manager Finance and Services
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Italy's biggest gas distributor Italgas said on Monday it did not expect COVID-19 to impact its business significantly this year after reporting first-half earnings just above forecasts.
Italy's biggest gas distributor Italgas said on Thursday that its core earnings could rise by as much as 8% this year as its digitalisation drive improves efficiency and mitigates the impact of the coronavirus pandemic.
Italy's competition watchdog said on Wednesday it had opened an investigation into whether gas distributor Italgas <IG.MI> had used its dominant market position to prevent or slow down a competitive tender process in areas in the Venice region.
Italy's Italgas is still very interested in Greek gas distribution network DEPA and is waiting for Athens to publish a short list, the group's CEO Paolo Gallo said on Wednesday.
Italy's biggest gas distributor Italgas <IG.MI> expects to clinch an acquisition by the end of this year or in the first quarter of 2020, Chief Executive Paolo Gallo said on Thursday.
Italy's biggest gas distributor, Italgas, has earmarked almost 2 billion euros ($2.27 billion) for possible merger deals and double that amount for maintenance and further upgrades to its grid in its latest business plan.
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