Snam released its first quarter results with revenues increasing by 2.1% to €628m, the positive effect mainly being driven by higher regulated revenues whereby gas transportation increased by 2.4% and gas storage by 8.1%. Within the same path, operating profit (EBIT) increased by 6.6% to €353m driven by the tariff update and operating efficiency, with net profit increasing by 19.8% to €254m, thanks to lower financial expenses and higher returns from equity investments. The net
04 May 2017
Strong quarter performance marked by multiple seasonal effects
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Strong quarter performance marked by multiple seasonal effects
Snam S.p.A. (SRG:WBO) | 0 0 0.3% | Mkt Cap: 12,935m
- Published:
04 May 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Snam released its first quarter results with revenues increasing by 2.1% to €628m, the positive effect mainly being driven by higher regulated revenues whereby gas transportation increased by 2.4% and gas storage by 8.1%. Within the same path, operating profit (EBIT) increased by 6.6% to €353m driven by the tariff update and operating efficiency, with net profit increasing by 19.8% to €254m, thanks to lower financial expenses and higher returns from equity investments. The net