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Snam SpA

SRG.MI

Latest Trade

4.36EUR

Change

0.01(+0.14%)

Volume

4,521,177

Today's Range

4.31

 - 

4.37

52 Week Range

3.18

 - 

5.11

As of on the Italian SE (Mercato Continuo Italia) ∙ Minimum 15 minute delay

Latest Developments

Snam, AD vede impatto COVID-19 su risultati 2020 tra 10 e 20 mln euro

July 30 (Reuters) - Snam SpA <SRG.MI>::AD DICE MAGGIOR PARTE RITARDO NEGLI INVESTIMENTI DOVUTO A COVID-19 VERRÀ RECUPERATO ENTRO FINE ANNO - CONF CALL.AD VEDE IMPATTO COVID-19 SU RISULTATI 2020 TRA 10 E 20 MILLION EURO, CONSIDERANDO IMPATTO 6 MILLION EURO A NETTO TASSE IN SEM1 - CONF CALL.

Snam H1 Adj. EBITDA Stable At EUR 1.11 Bln

July 30 (Reuters) - Snam SpA <SRG.MI>::H1 ADJUSTED GROSS OPERATING MARGIN (ADJUSTED EBITDA): 1,107 MILLION EUROS, IN LINE WITH FIRST HALF OF 2019.H1 ADJUSTED NET PROFIT: 578 MILLION EUROS, IN LINE WITH FIRST HALF OF 2019.H1 TOTAL REVENUE: 1,346 MILLION EUROS (+3.3% COMPARED WITH FIRST HALF OF 2019).INCREASED INVESTMENTS AND NET PROFIT GUIDANCE CONFIRMED DESPITE IMPACTS OF COVID-19.CEO SAYS GUIDANCE ON NET PROFIT OF APPROX. 1.1 BILLION EUROS AT YEAR-END IS CONFIRMED.COMPANY IS UNABLE TO DETERMINE IMPACT OF COVID-19 ON 2020 AND BEYOND IN DETAIL.IN H1 DEMAND FOR NATURAL GAS IN ITALY TOTALLED 36.06 BILLION CUBIC METRES, OR 10.8% LESS YEAR/YEAR.

Snam Signs Agreement With Five Funds To Buy 49% Of ADNOC Gas Pipelines

June 23 (Reuters) - Snam SpA <SRG.MI>::SNAM IN CONSORTIUM WITH FIVE INTERNATIONAL FUNDS SIGNS AGREEMENT WITH ADNOC TO ENTER THE UAE NETWORKS.THE TRANSACTION IS AIMED AT THE ACQUISITION OF 49% OF ADNOC GAS PIPELINES.THE TRANSACTION VALUES 100% OF ADNOC GAS PIPELINES AT APPROXIMATELY 20.7 BILLION DOLLARS.FOR SNAM THE OUTLAY WITH ITS OWN FUNDS WILL AMOUNT TO APPROXIMATELY 250 MILLION DOLLARS.

UAE's ADNOC Announces $20.7 Bln Energy Infrastructure Deal - Statement

June 23 (Reuters) - ABU DHABI NATIONAL OIL CO [RIC:RIC:ADNOC.UL]::ADNOC ANNOUNCES $20.7 BILLION ENERGY INFRASTRUCTURE DEAL - STATEMENT.ADNOC HAS ENTERED INTO AN AGREEMENT WITH SOME OF INFRASTRUCTURE INVESTORS AND OPERATORS, SOVEREIGN WEALTH AND PENSION FUNDS- STATEMENT.A CONSORTIUM OF INVESTORS COMPRISING GLOBAL INFRASTRUCTURE PARTNERS (GIP), BROOKFIELD ASSET MANAGEMENT, SINGAPORE’S SOVEREIGN WEALTH FUND GIC, ONTARIO TEACHERS’ PENSION PLAN BOARD (ONTARIO TEACHERS’), NH INVESTMENT & SECURITIES AND SNAM (THE CONSORTIUM), WILL INVEST IN SELECT ADNOC GAS PIPELINE ASSETS VALUED AT $20.7 BILLION.CONSORTIUM WILL COLLECTIVELY ACQUIRE A 49% STAKE IN ADNOC GAS PIPELINE ASSETS LLC.THE TERMS OF THE AGREEMENT, ADNOC WILL LEASE ITS OWNERSHIP INTEREST IN ASSETS TO ADNOC GAS PIPELINES FOR 20 YEARS IN RETURN FOR A VOLUME-BASED TARIFF SUBJECT TO A FLOOR AND A CAP.TRANSACTION WILL RESULT IN UPFRONT PROCEEDS OF OVER $10 BILLION TO ADNOC.SAYS GAS PIPELINE NETWORK CONNECTS ADNOC’S UPSTREAM ASSETS TO LOCAL UAE OFF-TAKERS- STATEMENT.OWNERSHIP OF PIPELINES, MANAGEMENT OF PIPELINE OPERATIONS, AND ALL RESPONSIBILITY FOR ASSOCIATED OPERATIONAL AND CAPITAL EXPENDITURES WILL REMAIN WITH ADNOC.SAYS FOR ADNOC’S PARTNERS, THIS TRANSACTION REPRESENTS A UNIQUE OPPORTUNITY TO INVEST IN QUALITY ENERGY INFRASTRUCTURE ASSETS WITH A LOW-RISK PROFILE THAT GENERATE STABLE CASH FLOWS.BANK OF AMERICA SECURITIES, FIRST ABU DHABI BANK AND MIZUHO SECURITIES ACTED AS FINANCIAL ADVISORS TO ADNOC.

Snam Appoints Nicola Bedin Director And Chairman Of Board

June 18 (Reuters) - Snam SpA <SRG.MI>::APPOINTS NICOLA BEDIN DIRECTOR AND CHAIRMAN OF THE BOARD.

Snam Launches First Transition Bond For EUR 500 Mln

June 10 (Reuters) - Snam SpA <SRG.MI>::SUCCESSFUL CONCLUSION OF THE FIRST ISSUE OF A € 500 MILLION TRANSITION BOND.ANNUAL COUPON OF 0.75%. THE REOFFER PRICE IS 99.856%.MATURITY: 17 JUNE 2030.

Snam CEO says no pressure from govt on dividend

May 7 (Reuters) - Snam <SRG.MI> Chief Executive Marco Alvera says::LOW COMMODITY PRICES WILL PROBABLY MAKE ASSETS AVAILABLE, "WE'LL LOOK AT THOSE".ASKED ABOUT IDEA OF A TIE-UP WITH POWER GRID OPERATOR TERNA, SAYS NO BIG COUNTRIES EXCEPT UK HAVE DECIDED TO INTEGRATE NETWORKS.HAS HAD NO PRESSURE FROM GOVERNMENT TO REDUCE OR PRESERVE DIVIDEND.

Snam CEO says no change to overall dividend policy

May 7 (Reuters) - SNAM <SRG.MI> Chief Executive Marco Alvera says: :EXPECTS FULL CAPACITY AT ITS CONSTRUCTION SITES BY JUNE VERSUS 45% NOW.THERE WILL BE NO IMPACT ON DIVIDEND POLICY.ITALY GAS DEMAND FELL 9% JAN-APR, EXPECTS FULL-YEAR DEMAND TO BE AROUND 67 BILLION CUBIC METRES.TAP PIPELINE MORE THAN 94% COMPLETE END-MARCH, ON TRACK FOR COMPLETION Q4 THIS YEAR.

Snam Q1 Net Profit Up At EUR 298 mln

May 7 (Reuters) - Snam SpA <SRG.MI>::NET FINANCIAL DEBT AT EUR 12.256 BILLION (NOT MILLION) AT END-MARCH VERSUS EUR 11.923 BILLION (NOT MILLION) AT END-DEC.Q1 NET PROFIT: 298 MILLION EUROS (+ 5.3% COMPARED TO THE FIRST QUARTER OF 2019).Q1 TOTAL REVENUES: 691 MILLION EUROS (+ 8.1% COMPARED TO Q1 2019).Q1 EBITDA: €567 MILLION (+4.6% COMPARED WITH THE FIRST QUARTER OF 2019).SNAM CEO SAYS WE CONFIRM OUR INVESTMENT PLAN FOR 2019-2023.AT PRESENT, COMPANY IS NOT ABLE TO RELIABLY CALCULATE IMPACT OF COVID-19 ON TARGETS FOR 2020 AND FUTURE YEARS.EXPECTS A LIMITED IMPACT ON ITS ECONOMIC TARGETS AND TO THE INVESTMENT PROGRAMME.SEES FALL IN DEMAND FOR GAS IS FOR Q2 2020 WITH IMPACT TO BE ASSESSED ACCORDING TO SPEED AT WHICH ACTIVITIES ARE RESUMED.ON NATURAL GAS DEMAND, MAXIMUM IMPACT ON SNAM IS ESTIMATED AT REDUCTION IN REVENUE OF AROUND EUR 9 MILLION, RELATED TO COMMODITY COMPONENT.HAS SIGNED AGREEMENT WITH FEMOGAS TO ACQUIRE 50% JOINT CONTROL STAKE IN INIZIATIVE BIOMETANO.INIZIATIVE BIOMETANO TRANSACTION IS VALUED AT APPROXIMATELY €10 MILLION.INIZIATIVE BIOMETANO TRANSACTION IS EXPECTED TO CLOSE BY THE END OF THE YEAR.

Snam says chairman to step down to launch private equity fund

May 6 (Reuters) - Snam SpA <SRG.MI> says::CHAIRMAN LUCA DAL FABBRO HAS DECIDED TO LEAVE OFFICE IN NEXT SHAREHOLDERS' MEETING TO LAUNCH PRIVATE EQUITY FUND.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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