Free Trial

UTILITIES: Italgas (IGIM Baa2/NR/BBB+): 2Q24 Results

UTILITIES

The proposed acquisition of 2i Rete Gas is the key credit driver, no further news on that. No credit impact here.

  • ADj. EBITDA slightly ahead of (thin) consensus.
  • FCF was better YoY on higher EBITDA and better WC effects.  Leverage little changed YoY at 5.5x.
  • Webcast 16.00 BST https://www.italgas.it/en/board-of-directors-approval-press-release-and-conference-call-h1-2024/

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.