Snam Spa ( (SNMRY) ) has released its Q1 earnings. Here is a breakdown of the information Snam Spa presented to its investors.
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Snam Spa is a leading European energy infrastructure company specializing in natural gas transportation, storage, and regasification, with a focus on sustainable energy solutions and a strong presence in the European energy sector.
In the first quarter of 2025, Snam Spa reported significant financial growth, with an 8.3% increase in EBITDA and a 21.2% rise in adjusted net profit, reaching 406 million euros. The company also successfully commissioned the Ravenna FSRU and signed a strategic agreement to acquire a stake in Germany’s Open Grid Europe.
Key financial highlights include total revenues of 970 million euros, driven by increased regulated gas infrastructure revenues. The company also reported a reduction in total investments by 22% compared to the previous year, primarily due to the completion of the Ravenna LNG terminal. Snam’s credit rating was upgraded to A- by S&P, reflecting its strong financial profile.
Strategic initiatives include the acquisition of a 24.99% stake in Open Grid Europe and the completion of the Edison Stoccaggio acquisition. Snam’s updated Sustainable Finance Framework aims to support a 90% sustainable financing target by 2029, aligning with EU Taxonomy standards.
Looking ahead, Snam remains focused on expanding its pan-European energy infrastructure and maintaining financial stability amid global energy sector uncertainties. The company is on track to meet its 2025 financial guidance, supported by strategic investments and a robust financial structure.