Iren: gross operating margin + 9%, doubled investments

Moscow cuts gas again: 'Italy ready for winter' (ANSA)

(ANSA) – TURIN, 28 JUL – Iren closed the first half with a gross operating margin of 563 million euros, up 9% on the same month of 2021 and doubled its investments, equal to 739 million euros. Net profit for the period attributable to shareholders is 133 million euros (-31% compared to 193 million euros at 30 June 2021), but without the solidarity contribution and other non-recurring effects it would have grown by 7.6% .

“In a highly complex and challenging energy scenario, characterized by an extraordinary increase in the price of raw materials that is putting citizens and businesses to the test, the Iren Group has significantly increased investments in its reference territories by combining development with attention to the energy transition and circular “, underlines the president Luca Dal Fabbro, president of Iren. “The positive results just approved confirm the solid foundations of the Group and the clear strategic vision capable of showing resilience in the face of a highly volatile energy scenario – says Gianni Vittorio Armani, CEO and General Manager of Iren – The doubling of investments attest to € 739 million, highlighting Iren’s ability to meet the pre-established targets, in particular on the circular economy with four new plants built and on renewables with 220 MW installed or under construction just six months after the approval of the Business Plan ” . Armani recalls that commercial policies, in the first half of 2022, partially calmed the price increases of raw materials on end customers, avoiding each family an extra cost of around 600 euros for electricity and gas for heating “. ( HANDLE).

Source: Ansa

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