Snam’s Q1 22 EBITDA was up 5.2% yoy to €588m driven by RAB growth, higher volumes and a one-off sale of gas inventories that more than offset a cut in the regulated WACC. The continuing expansion of the non-regulated businesses (+98% yoy at revenue level) is a positive. Moreover, a larger perimeter for associates also pushed net income. Overall, a sound set of results although the growth drivers below the top-line are not that exciting.
FY22 guidance has been confirmed.
13 May 2022
Q1 22: unregulated activities continued to make their mark
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q1 22: unregulated activities continued to make their mark
- Published:
13 May 2022 -
Author:
Nicolas Bouthors -
Pages:
2
Snam’s Q1 22 EBITDA was up 5.2% yoy to €588m driven by RAB growth, higher volumes and a one-off sale of gas inventories that more than offset a cut in the regulated WACC. The continuing expansion of the non-regulated businesses (+98% yoy at revenue level) is a positive. Moreover, a larger perimeter for associates also pushed net income. Overall, a sound set of results although the growth drivers below the top-line are not that exciting.
FY22 guidance has been confirmed.