- Italgas reported a significant increase in adjusted net income to €178.3 million, which is a 48% rise compared to the previous year.
- The company’s EBITDA reached €509.3 million, marking a 51% increase year-over-year.
- EBIT was reported at €319.5 million, an impressive 57% increase from the previous year, surpassing the estimated €308.5 million.
- Adjusted EBIT stood at €321.6 million, growing by 58% compared to last year.
- Net income for Italgas was €176.8 million, reflecting a 47% increase year-over-year.
- Adjusted EBITDA reached €511.4 million, a 51% year-over-year growth.
- Adjusted revenue was reported at €673.8 million, a 54% increase from the previous year.
- In terms of analyst recommendations, there are 12 ‘buy’ ratings, 5 ‘hold’ ratings, and no ‘sell’ ratings for Italgas.
A look at Italgas SpA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Italgas SpA, a company providing gas distribution services in Italy, has received high Smart Scores in several key areas. With a top score of 5 in Dividend and Momentum, the company showcases strong performance in terms of distributing profits to shareholders and its stock’s upward trend. Additionally, Italgas scored a solid 4 in Growth, indicating promising potential for expansion and development in the future. However, the company scored slightly lower in Value and Resilience with scores of 3, suggesting that there may be room for improvement in these areas.
Overall, Italgas SpA appears to be a company with a positive long-term outlook, supported by its strong dividend payments and momentum in the market. While there could be areas for enhancement in terms of value and resilience, the company’s focus on gas distribution services and operations in Italy positions it well for continued growth and stability in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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