Snam Spa ( (SNMRY) ) has released its Q4 earnings. Here is a breakdown of the information Snam Spa presented to its investors.
Snam Spa is a leading European energy infrastructure company specializing in natural gas transportation, storage, and regasification, with a strong focus on sustainability and innovation.
In its latest earnings report for 2024, Snam Spa announced record investments and significant growth in key financial metrics, reflecting robust industrial achievements and strategic acquisitions.
The company reported a 31% increase in investments, reaching approximately 2.9 billion euros, and a 13.9% rise in adjusted EBITDA. Adjusted net profit also grew by 10.4%, driven by the expansion of the gas infrastructure business and strategic acquisitions such as Edison Stoccaggio. Despite a decrease in total revenues due to the termination of Superbonus incentives, regulated revenues saw a notable increase.
Snam’s commitment to sustainability is evident in its reduction of Scope 1 and 2 emissions by 28% compared to 2022 and its alignment with Sustainable Development Goals. The company has set a 2025 dividend of 0.2905 euros per share, reflecting a 3% increase.
Looking ahead, Snam aims to continue its investment in developing a pan-European energy infrastructure, focusing on both traditional and decarbonized molecules. The company plans to invest 12.4 billion euros from 2025 to 2029, with a strong emphasis on sustainability and innovation, while maintaining a solid financial structure.
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