BIT:IGGas Utilities
Italgas (BIT:IG) Stock Slips As Strong Margins Meet Debt Questions
Italgas stock has slipped over the past month, with the share price down about 7% even before investors absorbed the latest numbers. That short term weakness now meets a set of results built around one clear headline: profitability held firm as the gas grid operator turned heavy investment and the 2i Rete Gas integration into higher earnings.
Adjusted EBITDA reached €1,072m with a very high 81% margin and adjusted net profit for the first half came in at €398.6m. For long term holders, the...