ITALGAS S.P.A. O.N.

Italgas shares rose 3.1% to €10.55 after Citi upgraded its recommendation from "Neutral" to "Buy" and raised the 12‑month price target from €10.00 to €11.60. Citi cited accelerated tenders for gas distribution networks in 2026 and improved synergies from the acquisition of 2i Rete Gas, which makes Italgas the largest gas network operator in Europe. In addition, a capital markets day on June 23 could provide further positive momentum for higher long‑term financial targets, boosting investor sentiment. » Altro su de.investing.com

Snam Rete has completed the refinancing of its €500 million convertible bond (maturity 2028), which is secured by Italgas shares, and repurchased 98.9% of the issue. The position was replaced by a five-year green bond maturing in 2031. The new bond carries a fixed coupon of 1.75% (previously 3.25%) with semiannual interest payments; the first payment is on 14 July 2026. » Altro su de.investing.com

Italgas reported a 31.1% increase in adjusted net profit for the first half of 2025 to €316.6m following the early consolidation of 2i Rete Gas. Adjusted total revenues rose 29.2% to €1,126.7m and EBITDA increased 27.8% to €857.5m; operating cash flows covered €495.1m of investments. The takeover expanded the network by 86% to over 156,000 km and the customer base to around 12.9 million; Italgas confirmed its full-year guidance and is targeting synergies of up to €200m. Risks remain in the form of higher debt (net financial debt approx. €10.97bn), regulatory uncertainty and increased Scope‑1/2 emissions. » Altro su de.investing.com

Italgas recorded revenue growth of nearly 30% in the first half of 2025 and a significant increase in adjusted EBITDA by 27.8% to €178.8 million. Despite this positive performance, the share price slipped slightly by 0.56%, reflecting mixed market reactions and regulatory uncertainties in the Italian gas market. The company remains a market leader with a focus on innovation and digitalization, and is preparing for future regulatory changes. » Altro su de.investing.com

Italgas achieved an adjusted EBITDA of €857.5 million in the first half of 2025. Adjusted net profit was €316.6 million and revenue reached €1.13 billion, while technical investments amounted to €495.1 million. Net financial debt stood at €10.97 billion as of June 30, 2025. » Altro su de.investing.com