Volumes increased by 5%, as gas compensated for the low hydroelectric production in Italy. The group continues to benefit from the increase in authorised WACC. Although volumes should decrease in H2 due to the expected return to average renewables output, the group was able to raise its full-year net profit guidance. And, confirming the growth potential in China, the group registered a new 100%-owned subsidiary in the country.
01 Aug 2019
Higher demand after poor renewables output
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Higher demand after poor renewables output
Snam S.p.A. (SRG:WBO) | 0 0 0.3% | Mkt Cap: 12,935m
- Published:
01 Aug 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
Volumes increased by 5%, as gas compensated for the low hydroelectric production in Italy. The group continues to benefit from the increase in authorised WACC. Although volumes should decrease in H2 due to the expected return to average renewables output, the group was able to raise its full-year net profit guidance. And, confirming the growth potential in China, the group registered a new 100%-owned subsidiary in the country.