Italgas Reports 11% Rise in H1 Adjusted Core Earnings Amid Regulatory Boost

Bollywood Fever: Europe’s largest gas distributor, Italgas, announced on Wednesday an 11% year-on-year increase in its first-half adjusted core earnings, as positive regulatory impacts offset a decline in its energy efficiency business. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached 671 million euros ($727.50 million), also bolstered by the inclusion of several recently acquired water service assets in its first-half accounts.

Italgas, currently in discussions to acquire smaller competitor 2i Rete Gas, reported a net debt of 6.73 billion euros at the end of June, up from 6.56 billion euros at the end of March. The company continues to navigate the market dynamics while expanding its asset base and managing its financial position.

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