View Future GrowthSnam 過去の業績過去 基準チェック /46Snamの収益は年間平均-3.4%の割合で減少していますが、 Gas Utilities業界の収益は年間 増加しています。収益は年間3.1% 9.8%割合で 増加しています。 Snamの自己資本利益率は14%であり、純利益率は35.3%です。主要情報-3.37%収益成長率-2.76%EPS成長率Gas Utilities 業界の成長14.25%収益成長率9.83%株主資本利益率14.01%ネット・マージン35.29%次回の業績アップデート08 May 2025最近の業績更新お知らせ • Feb 24+ 2 more updatesSnam S.p.A. to Report Q3, 2026 Results on Nov 11, 2026Snam S.p.A. announced that they will report Q3, 2026 results on Nov 11, 2026お知らせ • Dec 12+ 3 more updatesSnam S.p.A. to Report Q1, 2025 Results on May 08, 2025Snam S.p.A. announced that they will report Q1, 2025 results Pre-Market on May 08, 2025Reported Earnings • May 17First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.10. Revenue: €896.0m (down 8.5% from 1Q 2023). Net income: €337.0m (up 11% from 1Q 2023). Profit margin: 38% (up from 31% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Gas Utilities industry in Europe.Reported Earnings • Mar 18Full year 2023 earnings releasedFull year 2023 results: Revenue: €4.29b (up 22% from FY 2022). Net income: €1.17b (up 74% from FY 2022). Profit margin: 27% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Gas Utilities industry in Europe.お知らせ • Dec 12+ 4 more updatesSnam S.p.A. to Report Nine Months, 2024 Results on Nov 06, 2024Snam S.p.A. announced that they will report nine months, 2024 results on Nov 06, 2024Reported Earnings • Nov 10Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.10. Revenue: €1.07b (up 23% from 3Q 2022). Net income: €349.0m (up 22% from 3Q 2022). Profit margin: 33% (in line with 3Q 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Gas Utilities industry in Europe.すべての更新を表示Recent updatesお知らせ • Apr 01Snam S.p.A., Annual General Meeting, Apr 29, 2026Snam S.p.A., Annual General Meeting, Apr 29, 2026, at 14:15 W. Europe Standard Time.お知らせ • Feb 24+ 2 more updatesSnam S.p.A. to Report Q3, 2026 Results on Nov 11, 2026Snam S.p.A. announced that they will report Q3, 2026 results on Nov 11, 2026お知らせ • Dec 12Snam S.p.A. (BIT:SRG) agreed to acquire an additional 48.20% stake in OLT Offshore LNG Toscana SpA from Igneo Infrastructure Partners for €126 million.Snam S.p.A. (BIT:SRG) agreed to acquire an additional 48.20% stake in OLT Offshore LNG Toscana SpA from Igneo Infrastructure Partners for €126 million on December 11, 2025. A cash consideration of €126 million will be paid by Snam S.p.A. As part of consideration, €126 million is paid towards common equity of OLT Offshore LNG Toscana SpA. Upon completion, Snam S.p.A. will own 97.27% stake in OLT Offshore LNG Toscana SpA. The transaction is subject to customary regulatory approvals including obtaining the necessary authorisations under applicable Italian antitrust and golden power regulations. The transaction is expected to be finalised within the first half of 2026.お知らせ • Apr 09Snam S.p.A. (BIT:SRG) entered into a share purchase agreement to acquire 24.99% stake in Vier Gas Holdings S.à R.L from Infinity Investments S.A. for €920 million.Snam S.p.A. (BIT:SRG) entered into a share purchase agreement to acquire 24.99% stake in Vier Gas Holdings S.à R.L. from Infinity Investments S.A. for €920 million on April 7, 2025. Vier Gas Holding S.à r.l. (VGH) – Luxembourg-based company which indirectly owns the entire share capital of Open Grid Europe. In a separate transaction, Snam S.p.A. agreed to sell to Fluxys Belgium SA a stake of approximately 0.5% of the share capital of Vier Gas Holdings, so that Snam and Fluxys, upon completion of such transactions, will hold a substantially equal shareholding in Vier Gas Holdings. The acquisition can be financed through the current financial flexibility or via a hybrid financing instrument. For the period ended December 31, 2024, Vier Gas Holdings S.à R.L. reported a EBITDA of €630 million. The transaction is subject to the satisfaction of certain conditions precedent, namely (i) the merger control clearance by the German Antitrust Authority, (ii) the Foreign Direct Investment clearance by the German Ministry for Economic Affairs and Climate Action, as well as (iii) the non-exercise by the other shareholders of VGH of the right of first refusal set forth in the related shareholders’ agreement. The closing is subject to some usual condition precedent. The transaction completion is expected within the third quarter of 2025. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor and White & Case LLP acted as legal advisor to Snam S.p.A.お知らせ • Apr 07Snam S.p.A., Annual General Meeting, May 14, 2025Snam S.p.A., Annual General Meeting, May 14, 2025, at 10:00 W. Europe Standard Time. Location: piazza santa barbara 7, san donato milanese Italyお知らせ • Mar 05Snam S.p.A. (BIT:SRG) completed the acquisition of Edison Stoccaggio Spa from Edison S.p.A. (BIT:EDNR).Snam S.p.A. (BIT:SRG) signed an agreement to acquire Edison Stoccaggio Spa from Edison S.p.A. (BIT:EDNR) for an enterprise value of approximately €560 million on July 25, 2024. Following the transaction, Edison Stoccaggio's workforce will be fully absorbed by the Snam Group. Closing of the transaction is subject to clearance by the relevant Antitrust authorities and authorization by the Consiglio dei Ministri in line with the procedure Golden Power and is expected to close within the first quarter of 2025. Lazard S.r.l. acted as Financial advisor to Edison S.p.A. Carlo Messina through Intesa Sanpaolo - IMI Corporate & Investment Banking acted as financial advisor to Edison S.p.A. As of December 23, 2024, The Italian Competition and Market Authority (Antitrust) has decided to open an investigation into Snam's acquisition of 100% of Edison Stoccaggio shares. The procedure must be concluded within 90 days from the date of resolution of the provision. Snam S.p.A. (BIT:SRG) completed the acquisition of Edison Stoccaggio Spa from Edison S.p.A. (BIT:EDNR) on March 3, 2025. The transaction, financed by Snam through the issue of a hybrid bond last September, will positively contribute to the Group's net profit in a range between 1.5% and 2.0% as early as 2025, and its effects have already been incorporated in Snam's 2025-29 Strategic Plan.Board Change • Jan 31High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO, GM & Director Stefano Venier was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jan 29Long Term Capital Fund managed by Lunate agreed to acquire an unknown minority stake in ADNOC Gas Pipeline Assets LLC from Snam S.p.A. (BIT:SRG).Long Term Capital Fund managed by Lunate agreed to acquire an unknown minority stake in ADNOC Gas Pipeline Assets LLC from Snam S.p.A. (BIT:SRG) on January 28, 2025. The transaction, which is subject to the signing of the sale and purchase agreement, as well as to the potential exercise of the relevant shareholders’ rights.お知らせ • Dec 12+ 3 more updatesSnam S.p.A. to Report Q1, 2025 Results on May 08, 2025Snam S.p.A. announced that they will report Q1, 2025 results Pre-Market on May 08, 2025お知らせ • Dec 11Snam S.p.A. (BIT:SRG) completed the acquisition of 22.7% stake in Terminale GNL Adriatico S.r.l.Snam S.p.A. (BIT:SRG) has exercised its pre-emption right to acquire 22.7% stake in Terminale GNL Adriatico S.r.l. on April 3, 2024. Prior to the transaction, Snam S.p.A. (BIT:SRG) held 7.3%. Upon completion, Terminale GNL Adriatico shall be held by VTTI at 70% and Snam at 30%. The transaction is subject to necessary regulatory authorizations and antitrust regulations. As of November 4, 2024, the deal has been approved by European Commission (DG Competition). The closing of the transaction is expected at the beginning of December. Snam S.p.A. (BIT:SRG) completed the acquisition of 22.7% stake in Terminale GNL Adriatico S.r.l. on December 10, 2024. With this deal now finalized, VTTI owns 70% and Snam holds 30% of the company. Regulatory approvals were completed ahead of the transaction's closure.Board Change • Sep 09High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO, GM & Director Stefano Venier was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 13Snam in Talks to Sell 24% Stake in InterconnectorSnam S.p.A. (BIT:SRG) is in talks with suitors over the sale of its 23.7% stake in Interconnector Limited, the company that owns and operates the gas pipeline between Britain and Belgium, the CEO of the Italian gas grid operator said on June 11, 2024. "There are ongoing talks over Interconnector, but we are in no rush to sell it," Snam's Stefano Venier said on the sidelines of an event organised by Industrie De Nora DNR.MI to mark the start of construction on its electrolysers factory. Snam, which is controlled indirectly by the Italian government, holds a stake of nearly 22% of electrolyser maker Industrie De Nora.Reported Earnings • May 17First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.10. Revenue: €896.0m (down 8.5% from 1Q 2023). Net income: €337.0m (up 11% from 1Q 2023). Profit margin: 38% (up from 31% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Gas Utilities industry in Europe.Reported Earnings • Mar 18Full year 2023 earnings releasedFull year 2023 results: Revenue: €4.29b (up 22% from FY 2022). Net income: €1.17b (up 74% from FY 2022). Profit margin: 27% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Gas Utilities industry in Europe.お知らせ • Feb 27Snam Enters Exclusive Talks to Buy Edison Gas Storage Assets in ItalyEnergy group Edison S.p.A. (BIT:EDNR) said on February 26, 2024, it started exclusive talks with gas grid operator Snam S.p.A. (BIT:SRG) over the sale of its natural gas storage assets in Italy. The move could open the way to a deal worth more than EUR 500 million ($542 million) for Edison, which last year decided to test the market's appetite for its storage business saying it did not see a big growth potential for the division. Regional energy company Ascopiave was also in the race to buy Edison's assets.お知らせ • Dec 12+ 4 more updatesSnam S.p.A. to Report Nine Months, 2024 Results on Nov 06, 2024Snam S.p.A. announced that they will report nine months, 2024 results on Nov 06, 2024お知らせ • Nov 11+ 1 more updateSnam Considers M&A Deals on Adriatic LNGSnam S.p.A. (BIT:SRG) is considering increasing its stake in Terminale GNL Adriatico S.r.l. (Adriatic LNG), Italy's biggest liquefied natural gas terminal, the group's Chief Executive Officer said on November 9, 2023. Snam is also interested acquiring LNG infrastructure, following an increase in demand for LNG after the Ukraine war led to a reduction in Russian gas supplies. U.S. fund BlackRock, Inc. (NYSE:BLK) is negotiating with Exxon Mobil Corporation (NYSE:XOM) and QatarEnergy to buy a stake in Adriatic LNG, about 9 miles (15 km) off Italy's northeastern Veneto coastline. Snam, which owns 7.3% of the terminal, has the right of first refusal and could decide to increase its stake to around 30%, sources have told Reuters, adding the assets could be worth around 800 million euros. "When the final terms and conditions agreed by the three parties will be notified to us, we will evaluate whether or not to increase our stake," Venier said Venier also said the group was in talks with emissions-intensive companies in Austria, Germany and Italy on the provision of green hydrogen and carbon capture services to help them decarbonise their businesses.Reported Earnings • Nov 10Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.10. Revenue: €1.07b (up 23% from 3Q 2022). Net income: €349.0m (up 22% from 3Q 2022). Profit margin: 33% (in line with 3Q 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Gas Utilities industry in Europe.New Risk • Jul 31New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 137% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (16% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding).New Risk • Jul 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (137% payout ratio). Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding).Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €1.12b (up 34% from 2Q 2022). Net income: €394.0m (up 5.3% from 2Q 2022). Profit margin: 35% (down from 45% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.Reported Earnings • May 13First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: €0.09. Revenue: €979.0m (up 17% from 1Q 2022). Net income: €301.0m (down 3.5% from 1Q 2022). Profit margin: 31% (down from 37% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.Reported Earnings • Mar 18Full year 2022 earnings releasedFull year 2022 results: Revenue: €3.52b (up 6.6% from FY 2021). Net income: €671.0m (down 55% from FY 2021). Profit margin: 19% (down from 45% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Gas Utilities industry in Europe.お知らせ • Jan 17+ 3 more updatesSnam S.p.A. to Report First Half, 2023 Results on Jul 27, 2023Snam S.p.A. announced that they will report first half, 2023 results on Jul 27, 2023お知らせ • Jan 12Snam S.p.A. (BIT:SRG) completed the acquisition of a 49.9% stake in Two gas pipelines from Eni S.p.A. (BIT:ENI) for approximately €410 million.Snam S.p.A. (BIT:SRG) completed the acquisition of a 49.9% stake in two gas pipelines from Eni S.p.A. (BIT:ENI) for approximately €390 million on November 27, 2021. The consideration will be paid in cash. Upon completion, Snam will hold 49.9% and Eni 50.1% interest in target. Snam will fund the payment of the purchase price with its own financial resources. The target companies generated a net income of around €90 million in 2020. The closing of the transaction is subject to certain conditions precedent, including mandatory authorizations pursuant to antitrust and "golden power" regulations and from other competent regulatory authorities, in addition to the authorization from the Tunisian government and the consent and/or approval of the shareholders and boards of directors of certain target companies. The transaction is expected to be completed by the first half of 2023. Cleary, Gottlieb, Steen & Hamilton LLP acted as a legal advisor to Snam S.p.A. Snam S.p.A. (BIT:SRG) completed the acquisition of a 49.9% stake in Two gas pipelines from Eni S.p.A. (BIT:ENI) for approximately €410 million on January 10, 2023. The transaction has obtained the authorisations envisaged under antitrust legislation andso-called golden power legislation, consent from the Tunisian government as well as the approval of the shareholders and corporate bodies of the various target companies.Board Change • Nov 18High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO & Director Stefano Venier was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.収支内訳Snam の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史BUL:SNM 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 243,5681,259290030 Sep 244,0761,040256030 Jun 243,9931,071276031 Mar 244,2631,168256031 Dec 234,2881,135256030 Sep 234,112746244030 Jun 233,936683204031 Mar 233,656663244031 Dec 223,515671244030 Sep 223,5111,251215030 Jun 223,4481,304241031 Mar 223,4181,495215031 Dec 213,2971,496222030 Sep 213,0721,453180030 Jun 212,9491,407192031 Mar 212,7961,116180031 Dec 202,7701,101191030 Sep 202,7391,088180030 Jun 202,6761,081186031 Mar 202,7171,1080031 Dec 192,6651,090180030 Sep 192,6241,034201030 Jun 192,6471,018213031 Mar 192,595989204031 Dec 182,586960201030 Sep 182,554935188030 Jun 182,536916188031 Mar 182,535897188031 Dec 172,533897188030 Sep 172,328725104030 Jun 172,562731193031 Mar 172,532665184031 Dec 162,501591184030 Sep 161,872529251030 Jun 161,921548251031 Mar 162,17365184031 Dec 152,551796171030 Sep 153,7211,223114030 Jun 153,7471,249203031 Mar 153,8341,231375031 Dec 143,8321,198373030 Sep 143,8421,106403030 Jun 143,8351,0164060質の高い収益: SNMは 高品質の収益 を持っています。利益率の向上: SNMの現在の純利益率 (35.3%)は、昨年(26.5%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: SNMの収益は過去 5 年間で年間3.4%減少しました。成長の加速: SNMの過去 1 年間の収益成長率 ( 10.9% ) は、5 年間の平均 ( 年間-3.4%を上回っています。収益対業界: SNMの過去 1 年間の収益成長率 ( 10.9% ) はGas Utilities業界7.9%を上回りました。株主資本利益率高いROE: SNMの 自己資本利益率 ( 14% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YUtilities 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/04/30 23:10終値2025/01/31 00:00収益2024/12/31年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Snam S.p.A. 16 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。36 アナリスト機関Francesco SalaBanca Akros S.p.A. (ESN)Tommaso MarabiniBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)33 その他のアナリストを表示
お知らせ • Feb 24+ 2 more updatesSnam S.p.A. to Report Q3, 2026 Results on Nov 11, 2026Snam S.p.A. announced that they will report Q3, 2026 results on Nov 11, 2026
お知らせ • Dec 12+ 3 more updatesSnam S.p.A. to Report Q1, 2025 Results on May 08, 2025Snam S.p.A. announced that they will report Q1, 2025 results Pre-Market on May 08, 2025
Reported Earnings • May 17First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.10. Revenue: €896.0m (down 8.5% from 1Q 2023). Net income: €337.0m (up 11% from 1Q 2023). Profit margin: 38% (up from 31% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Gas Utilities industry in Europe.
Reported Earnings • Mar 18Full year 2023 earnings releasedFull year 2023 results: Revenue: €4.29b (up 22% from FY 2022). Net income: €1.17b (up 74% from FY 2022). Profit margin: 27% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Gas Utilities industry in Europe.
お知らせ • Dec 12+ 4 more updatesSnam S.p.A. to Report Nine Months, 2024 Results on Nov 06, 2024Snam S.p.A. announced that they will report nine months, 2024 results on Nov 06, 2024
Reported Earnings • Nov 10Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.10. Revenue: €1.07b (up 23% from 3Q 2022). Net income: €349.0m (up 22% from 3Q 2022). Profit margin: 33% (in line with 3Q 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Gas Utilities industry in Europe.
お知らせ • Apr 01Snam S.p.A., Annual General Meeting, Apr 29, 2026Snam S.p.A., Annual General Meeting, Apr 29, 2026, at 14:15 W. Europe Standard Time.
お知らせ • Feb 24+ 2 more updatesSnam S.p.A. to Report Q3, 2026 Results on Nov 11, 2026Snam S.p.A. announced that they will report Q3, 2026 results on Nov 11, 2026
お知らせ • Dec 12Snam S.p.A. (BIT:SRG) agreed to acquire an additional 48.20% stake in OLT Offshore LNG Toscana SpA from Igneo Infrastructure Partners for €126 million.Snam S.p.A. (BIT:SRG) agreed to acquire an additional 48.20% stake in OLT Offshore LNG Toscana SpA from Igneo Infrastructure Partners for €126 million on December 11, 2025. A cash consideration of €126 million will be paid by Snam S.p.A. As part of consideration, €126 million is paid towards common equity of OLT Offshore LNG Toscana SpA. Upon completion, Snam S.p.A. will own 97.27% stake in OLT Offshore LNG Toscana SpA. The transaction is subject to customary regulatory approvals including obtaining the necessary authorisations under applicable Italian antitrust and golden power regulations. The transaction is expected to be finalised within the first half of 2026.
お知らせ • Apr 09Snam S.p.A. (BIT:SRG) entered into a share purchase agreement to acquire 24.99% stake in Vier Gas Holdings S.à R.L from Infinity Investments S.A. for €920 million.Snam S.p.A. (BIT:SRG) entered into a share purchase agreement to acquire 24.99% stake in Vier Gas Holdings S.à R.L. from Infinity Investments S.A. for €920 million on April 7, 2025. Vier Gas Holding S.à r.l. (VGH) – Luxembourg-based company which indirectly owns the entire share capital of Open Grid Europe. In a separate transaction, Snam S.p.A. agreed to sell to Fluxys Belgium SA a stake of approximately 0.5% of the share capital of Vier Gas Holdings, so that Snam and Fluxys, upon completion of such transactions, will hold a substantially equal shareholding in Vier Gas Holdings. The acquisition can be financed through the current financial flexibility or via a hybrid financing instrument. For the period ended December 31, 2024, Vier Gas Holdings S.à R.L. reported a EBITDA of €630 million. The transaction is subject to the satisfaction of certain conditions precedent, namely (i) the merger control clearance by the German Antitrust Authority, (ii) the Foreign Direct Investment clearance by the German Ministry for Economic Affairs and Climate Action, as well as (iii) the non-exercise by the other shareholders of VGH of the right of first refusal set forth in the related shareholders’ agreement. The closing is subject to some usual condition precedent. The transaction completion is expected within the third quarter of 2025. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor and White & Case LLP acted as legal advisor to Snam S.p.A.
お知らせ • Apr 07Snam S.p.A., Annual General Meeting, May 14, 2025Snam S.p.A., Annual General Meeting, May 14, 2025, at 10:00 W. Europe Standard Time. Location: piazza santa barbara 7, san donato milanese Italy
お知らせ • Mar 05Snam S.p.A. (BIT:SRG) completed the acquisition of Edison Stoccaggio Spa from Edison S.p.A. (BIT:EDNR).Snam S.p.A. (BIT:SRG) signed an agreement to acquire Edison Stoccaggio Spa from Edison S.p.A. (BIT:EDNR) for an enterprise value of approximately €560 million on July 25, 2024. Following the transaction, Edison Stoccaggio's workforce will be fully absorbed by the Snam Group. Closing of the transaction is subject to clearance by the relevant Antitrust authorities and authorization by the Consiglio dei Ministri in line with the procedure Golden Power and is expected to close within the first quarter of 2025. Lazard S.r.l. acted as Financial advisor to Edison S.p.A. Carlo Messina through Intesa Sanpaolo - IMI Corporate & Investment Banking acted as financial advisor to Edison S.p.A. As of December 23, 2024, The Italian Competition and Market Authority (Antitrust) has decided to open an investigation into Snam's acquisition of 100% of Edison Stoccaggio shares. The procedure must be concluded within 90 days from the date of resolution of the provision. Snam S.p.A. (BIT:SRG) completed the acquisition of Edison Stoccaggio Spa from Edison S.p.A. (BIT:EDNR) on March 3, 2025. The transaction, financed by Snam through the issue of a hybrid bond last September, will positively contribute to the Group's net profit in a range between 1.5% and 2.0% as early as 2025, and its effects have already been incorporated in Snam's 2025-29 Strategic Plan.
Board Change • Jan 31High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO, GM & Director Stefano Venier was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 29Long Term Capital Fund managed by Lunate agreed to acquire an unknown minority stake in ADNOC Gas Pipeline Assets LLC from Snam S.p.A. (BIT:SRG).Long Term Capital Fund managed by Lunate agreed to acquire an unknown minority stake in ADNOC Gas Pipeline Assets LLC from Snam S.p.A. (BIT:SRG) on January 28, 2025. The transaction, which is subject to the signing of the sale and purchase agreement, as well as to the potential exercise of the relevant shareholders’ rights.
お知らせ • Dec 12+ 3 more updatesSnam S.p.A. to Report Q1, 2025 Results on May 08, 2025Snam S.p.A. announced that they will report Q1, 2025 results Pre-Market on May 08, 2025
お知らせ • Dec 11Snam S.p.A. (BIT:SRG) completed the acquisition of 22.7% stake in Terminale GNL Adriatico S.r.l.Snam S.p.A. (BIT:SRG) has exercised its pre-emption right to acquire 22.7% stake in Terminale GNL Adriatico S.r.l. on April 3, 2024. Prior to the transaction, Snam S.p.A. (BIT:SRG) held 7.3%. Upon completion, Terminale GNL Adriatico shall be held by VTTI at 70% and Snam at 30%. The transaction is subject to necessary regulatory authorizations and antitrust regulations. As of November 4, 2024, the deal has been approved by European Commission (DG Competition). The closing of the transaction is expected at the beginning of December. Snam S.p.A. (BIT:SRG) completed the acquisition of 22.7% stake in Terminale GNL Adriatico S.r.l. on December 10, 2024. With this deal now finalized, VTTI owns 70% and Snam holds 30% of the company. Regulatory approvals were completed ahead of the transaction's closure.
Board Change • Sep 09High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO, GM & Director Stefano Venier was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 13Snam in Talks to Sell 24% Stake in InterconnectorSnam S.p.A. (BIT:SRG) is in talks with suitors over the sale of its 23.7% stake in Interconnector Limited, the company that owns and operates the gas pipeline between Britain and Belgium, the CEO of the Italian gas grid operator said on June 11, 2024. "There are ongoing talks over Interconnector, but we are in no rush to sell it," Snam's Stefano Venier said on the sidelines of an event organised by Industrie De Nora DNR.MI to mark the start of construction on its electrolysers factory. Snam, which is controlled indirectly by the Italian government, holds a stake of nearly 22% of electrolyser maker Industrie De Nora.
Reported Earnings • May 17First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.10. Revenue: €896.0m (down 8.5% from 1Q 2023). Net income: €337.0m (up 11% from 1Q 2023). Profit margin: 38% (up from 31% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Gas Utilities industry in Europe.
Reported Earnings • Mar 18Full year 2023 earnings releasedFull year 2023 results: Revenue: €4.29b (up 22% from FY 2022). Net income: €1.17b (up 74% from FY 2022). Profit margin: 27% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Gas Utilities industry in Europe.
お知らせ • Feb 27Snam Enters Exclusive Talks to Buy Edison Gas Storage Assets in ItalyEnergy group Edison S.p.A. (BIT:EDNR) said on February 26, 2024, it started exclusive talks with gas grid operator Snam S.p.A. (BIT:SRG) over the sale of its natural gas storage assets in Italy. The move could open the way to a deal worth more than EUR 500 million ($542 million) for Edison, which last year decided to test the market's appetite for its storage business saying it did not see a big growth potential for the division. Regional energy company Ascopiave was also in the race to buy Edison's assets.
お知らせ • Dec 12+ 4 more updatesSnam S.p.A. to Report Nine Months, 2024 Results on Nov 06, 2024Snam S.p.A. announced that they will report nine months, 2024 results on Nov 06, 2024
お知らせ • Nov 11+ 1 more updateSnam Considers M&A Deals on Adriatic LNGSnam S.p.A. (BIT:SRG) is considering increasing its stake in Terminale GNL Adriatico S.r.l. (Adriatic LNG), Italy's biggest liquefied natural gas terminal, the group's Chief Executive Officer said on November 9, 2023. Snam is also interested acquiring LNG infrastructure, following an increase in demand for LNG after the Ukraine war led to a reduction in Russian gas supplies. U.S. fund BlackRock, Inc. (NYSE:BLK) is negotiating with Exxon Mobil Corporation (NYSE:XOM) and QatarEnergy to buy a stake in Adriatic LNG, about 9 miles (15 km) off Italy's northeastern Veneto coastline. Snam, which owns 7.3% of the terminal, has the right of first refusal and could decide to increase its stake to around 30%, sources have told Reuters, adding the assets could be worth around 800 million euros. "When the final terms and conditions agreed by the three parties will be notified to us, we will evaluate whether or not to increase our stake," Venier said Venier also said the group was in talks with emissions-intensive companies in Austria, Germany and Italy on the provision of green hydrogen and carbon capture services to help them decarbonise their businesses.
Reported Earnings • Nov 10Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.10. Revenue: €1.07b (up 23% from 3Q 2022). Net income: €349.0m (up 22% from 3Q 2022). Profit margin: 33% (in line with 3Q 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Gas Utilities industry in Europe.
New Risk • Jul 31New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 137% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (16% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding).
New Risk • Jul 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (137% payout ratio). Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding).
Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €1.12b (up 34% from 2Q 2022). Net income: €394.0m (up 5.3% from 2Q 2022). Profit margin: 35% (down from 45% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.
Reported Earnings • May 13First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: €0.09. Revenue: €979.0m (up 17% from 1Q 2022). Net income: €301.0m (down 3.5% from 1Q 2022). Profit margin: 31% (down from 37% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.
Reported Earnings • Mar 18Full year 2022 earnings releasedFull year 2022 results: Revenue: €3.52b (up 6.6% from FY 2021). Net income: €671.0m (down 55% from FY 2021). Profit margin: 19% (down from 45% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Gas Utilities industry in Europe.
お知らせ • Jan 17+ 3 more updatesSnam S.p.A. to Report First Half, 2023 Results on Jul 27, 2023Snam S.p.A. announced that they will report first half, 2023 results on Jul 27, 2023
お知らせ • Jan 12Snam S.p.A. (BIT:SRG) completed the acquisition of a 49.9% stake in Two gas pipelines from Eni S.p.A. (BIT:ENI) for approximately €410 million.Snam S.p.A. (BIT:SRG) completed the acquisition of a 49.9% stake in two gas pipelines from Eni S.p.A. (BIT:ENI) for approximately €390 million on November 27, 2021. The consideration will be paid in cash. Upon completion, Snam will hold 49.9% and Eni 50.1% interest in target. Snam will fund the payment of the purchase price with its own financial resources. The target companies generated a net income of around €90 million in 2020. The closing of the transaction is subject to certain conditions precedent, including mandatory authorizations pursuant to antitrust and "golden power" regulations and from other competent regulatory authorities, in addition to the authorization from the Tunisian government and the consent and/or approval of the shareholders and boards of directors of certain target companies. The transaction is expected to be completed by the first half of 2023. Cleary, Gottlieb, Steen & Hamilton LLP acted as a legal advisor to Snam S.p.A. Snam S.p.A. (BIT:SRG) completed the acquisition of a 49.9% stake in Two gas pipelines from Eni S.p.A. (BIT:ENI) for approximately €410 million on January 10, 2023. The transaction has obtained the authorisations envisaged under antitrust legislation andso-called golden power legislation, consent from the Tunisian government as well as the approval of the shareholders and corporate bodies of the various target companies.
Board Change • Nov 18High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO & Director Stefano Venier was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.