Contacts
Snam Rete Gas
Piazza Santa Barbara, 7
20097 San Donato Milanese (MI)
Ph.: +39 02.3703.1
Fax: +39 02.3703.9227
price sensitive
Jul '14 30
30 July 2014 - 08:00 CEST
TAGS results, first half, 2014
San Donato Milanese, 30 July 2014 - The Snam Board of Directors, at yesterday's meeting chaired by Lorenzo Bini Smaghi, approved the consolidated half-year report to 30 June 2014 (subjected to a limited audit) and examined the consolidated results for the second quarter of 2014 (unaudited).
Financial highlights
- Total revenue: €1,782 million (+0.4%)
- EBIT: €1,044 million (+2.4%)
- Net profit: €561 million (+21.4%)
- Technical investments: €526 million (+7.3%)
Operating highlights
- Gas injected into the transportation network: 32.78 billion cubic metres (-5.0%)
- Number of active meters: 5.911 million (5.915 million at 30 June 2013)
- Available storage capacity: 11.4 billion cubic metres (unchanged compared with 30 June 2013)
Carlo Malacarne, Snam CEO, made the following comments on the results:
"In the first half of 2014 the EBIT growth of 2.4%, as well as the remarkable increase in net income of more than 21%, is the result of our continued focus on operating efficiency as well as the increasing contribution of associates and the on-going optimization measures in the cost of debt.
We remain committed to investing for profitable growth and value creation for our shareholders, confirming our selective capex plan".
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