Italgas’ financial results in 2024
Italgas recently published financial results for the first nine months of 2024, showing an adjusted net profit of 361.7 million euros, up 14.2% compared to the same period of the previous year. This increase is significant and reflects the company’s strength in the gas distribution sector. Adjusted revenues for the distribution of adjusted gas amount to 1,211.6 million euros, an increase of 11.5%, while total adjusted revenues reached 1,309.3 million euros.
Adjusted EBITDA amounted to 1,009.3 million euros, showing an increase of 10.9%, and adjusted EBIT increased by 12.8% to 605.6 million euros. These results demonstrate effective management and a well-defined growth strategy.
Strategic Plan 2024-2030
The CEO of Italgas, Paolo Gallo, commented on the results, stressing the importance of the 2024-2030 strategic plan, which involves the integration of 2 Gas Networks and the adoption of artificial intelligence in all the Group’s activities. This ambitious plan not only aims to improve operational efficiency, but also to achieve crucial objectives for the ecological transition. The company aims to invest in innovative and sustainable technologies, creating value for all stakeholders and contributing to a greener energy future
.
Impact of the ecological transition
The ecological transition represents a challenge and an opportunity for companies in the energy sector. Italgas is preparing to respond to these challenges through strategic investments and technological innovations. The integration of 2i Rete Gas will not only strengthen the company’s market position, but will also make it possible to optimize resources and improve the quality of the service. In addition, the use of artificial intelligence will allow distribution networks to be monitored and managed more efficiently, reducing costs and increasing sustainability. These initiatives are essential to ensure a prosperous and sustainable future for Italgas and for the energy sector in
general.
