New Risk • Jun 04
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 147% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.5% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 147% Paying a dividend despite having no free cash flows. Earnings have declined by 7.4% per year over the past 5 years. New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings have declined by 7.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Angela Gamba was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Feb 20
Edison S.p.A. announces Annual dividend, payable on April 29, 2026 Edison S.p.A. announced Annual dividend of EUR 0.0350 per share payable on April 29, 2026, ex-date on April 27, 2026 and record date on April 28, 2026. 공시 • Mar 05
Snam 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. 공시 • Mar 03
Edison S.p.A., Annual General Meeting, Apr 03, 2025 Edison S.p.A., Annual General Meeting, Apr 03, 2025, at 11:00 W. Europe Standard Time. 공시 • Feb 22
Edison S.p.A. announces Annual dividend, payable on April 30, 2025 Edison S.p.A. announced Annual dividend of EUR 0.0900 per share payable on April 30, 2025, ex-date on April 28, 2025 and record date on April 29, 2025. 공시 • Dec 10
HELLENiQ ENERGY Holdings S.A. (ATSE:ELPE) agreed to acquire an additional 50% stake in Elpedison B.V. from Edison S.p.A. (BIT:EDNR) for approximately €200 million. HELLENiQ ENERGY Holdings S.A. (ATSE:ELPE) agreed to acquire an additional 50% stake in Elpedison B.V. from Edison S.p.A. (BIT:EDNR) for approximately €200 million on December 9, 2024. The consideration for acquiring 50% of the share capital of Elpedison B.V. amounts to approximately €164m plus an amount of up to €31m due to changes in certain balance sheet items and cash reserves, as stipulated in the agreement reached. The transaction is subject to the signing of a final Share Purchase Agreement. The transaction is expected to conclude in the first half of 2025.