Milan, June 23 (LaPresse) – In the Strategic Plan for the 2026–2032 period, titled “Lead. Innovate. In a changing world”, the Italgas Group confirms the 2026 guidance, approved on May 5. The guidance includes around 130 million euros in synergies, in line with the implementation plan previously communicated. Based on the new investment plan, the upwardly revised synergy targets and the contribution from tenders, revenues are expected to reach approximately 3.4 billion euros in 2029 and 4.0 billion euros in 2032. EBITDA is expected to reach 2.8 billion euros in 2029 and 3.3 billion euros in 2032, with a 2025–2032 CAGR of 8.4%, supported by revenue growth and the progressive realization of synergies. EBIT is also expected to exceed 1.8 billion euros in 2029 and reach around 2.2 billion euros in 2032. The Group also confirms its expectation of exceeding 1 billion euros in adjusted net profit in 2029, after taxes and minorities. Adjusted earnings per share (EPS) are expected to grow at over 9% CAGR in 2025–2032, in line with the weighted average EPS CAGR 2025–2031 of the previous plan, calculated using 2025 adjusted EPS as the starting point for both plans. The Group reaffirms its commitment to reducing leverage (net debt/RAB) within the thresholds set by rating agencies in the medium term and to further lowering it to 61% by the end of 2032, while preserving its investment grade rating and maintaining financial flexibility to seize growth opportunities. The average cost of debt is expected to rise moderately, reflecting the updated macroeconomic context, and is projected to exceed 3% by the end of the plan period. Furthermore, Italgas notes that the current dividend policy, updated in October 2025, has been fully confirmed by the Board of Directors and provides for the distribution of a dividend equal to the greater of (i) the amount resulting from the 2024 DPS of 0.406 euros increased by 5% per year, without taking into account the impact of IAS 33, or (ii) a DPS equal to 65% of adjusted earnings per share.
Italgas, Strategic Plan 2026-32: 2026 guidance and dividend policy confirmed
Milan, June 23 (LaPresse) – In the Strategic Plan for the 2026–2032 period, titled “Lead. Innovate. In a changing world”, the Italgas Group confirms the 2026 guidance, approved on May 5. The guidance includes around 130 million euros in synergies, in line with the implementation plan previously communicated. Based on the new investment plan, the upwardly revised synergy targets and the contribution from tenders, revenues are expected to reach approximately 3.4 billion euros in 2029 and 4.0 billion euros in 2032. EBITDA is expected to reach 2.8 billion euros in 2029 and 3.3 billion euros in 2032, with a 2025–2032 CAGR of 8.4%, supported by revenue growth and the progressive realization of synergies. EBIT is also expected to exceed 1.8 billion euros in 2029 and reach around 2.2 billion euros in 2032. The Group also confirms its expectation of exceeding 1 billion euros in adjusted net profit in 2029, after taxes and minorities. Adjusted earnings per share (EPS) are expected to grow at over 9% CAGR in 2025–2032, in line with the weighted average EPS CAGR 2025–2031 of the previous plan, calculated using 2025 adjusted EPS as the starting point for both plans. The Group reaffirms its commitment to reducing leverage (net debt/RAB) within the thresholds set by rating agencies in the medium term and to further lowering it to 61% by the end of 2032, while preserving its investment grade rating and maintaining financial flexibility to seize growth opportunities. The average cost of debt is expected to rise moderately, reflecting the updated macroeconomic context, and is projected to exceed 3% by the end of the plan period. Furthermore, Italgas notes that the current dividend policy, updated in October 2025, has been fully confirmed by the Board of Directors and provides for the distribution of a dividend equal to the greater of (i) the amount resulting from the 2024 DPS of 0.406 euros increased by 5% per year, without taking into account the impact of IAS 33, or (ii) a DPS equal to 65% of adjusted earnings per share.
