View Future GrowthSnam 과거 순이익 실적과거 기준 점검 4/6Snam의 수입은 연평균 -3.4%의 비율로 감소해 온 반면, Gas Utilities 산업은 수입이 연평균 3.1% 증가했습니다. 매출은 연평균 9.8%의 비율로 증가해 왔습니다. Snam의 자기자본이익률은 14%이고 순이익률은 35.3%입니다.핵심 정보-3.37%순이익 성장률-2.76%주당순이익(EPS) 성장률Gas Utilities 산업 성장률14.25%매출 성장률9.83%자기자본이익률14.01%순이익률35.29%다음 순이익 업데이트08 May 2025최근 과거 실적 업데이트공시 • 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, 2026공시 • 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.공시 • 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.모든 업데이트 보기Recent updates공시 • 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.공시 • 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, 2026공시 • 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.공시 • 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.공시 • 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 Italy공시 • 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.공시 • 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.공시 • 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, 2025공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2024공시 • 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.공시 • 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, 2023공시 • 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.매출 및 비용 세부 내역Snam가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이BUL:SNM 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 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 143,8351,0164060양질의 수익: SNM는 고품질 수익을 보유하고 있습니다.이익 마진 증가: SNM의 현재 순 이익률 (35.3%)은 지난해 (26.5%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: SNM의 수익은 지난 5년 동안 연평균 3.4% 감소했습니다.성장 가속화: 지난 1년간 SNM 의 수익 증가율(10.9%)은 연간 평균(-3.4%)을 초과합니다.수익 대 산업: SNM의 지난 1년 수익 증가율(10.9%)은 Gas Utilities 업계의 7.9%를 상회했습니다.자기자본이익률높은 ROE: SNM의 자본 수익률(14%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YUtilities 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/04/30 13:02종가2025/01/31 00:00수익2024/12/31연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Snam S.p.A.는 36명의 분석가가 다루고 있습니다. 이 중 16명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Francesco SalaBanca Akros S.p.A. (ESN)Tommaso MarabiniBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)33명의 분석가 더 보기
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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
공시 • 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.