Positive results for Snam but mostly in line with expectations. Revenues improved 2.3% yoy to €3.65bn (0.5% better than expected) mainly due to the contribution of investments made in 2013 in the regulated business. EBITDA increased 1% to €2.8bn, while adjusted EBIT rose by 0.9% yoy to €1.99bn, although the increase in revenues was partially offset by higher operating costs and an increase in depreciation. Net profit increased 3.3% yoy to €1.24bn, and adjusted net profit i
