(ANSA) – MILAN, NOV 11 – Iren closed the first nine months of the year with a group net profit of 242 million euros, up 57.6% compared to the same period last year. Revenues amounted to € 3.1 billion, an increase of 18.1% compared to the nine months of 2020. The gross operating margin amounted to € 733 million (+ 12.3%).
Gross technical investments made in the period amounted to € 466 million, up (+ 12.5%) compared to € 414 million in 2020, in line with the forecast and in compliance with the expected annual targets. To this must be added 58 million euros of cash out for the acquisitions, which mainly include the effects of the acquisition of 20% of Futura (25 million euros) and Sidiren (30 million euros). The high cash generation in the period and the positive change in the fair value of derivative instruments made it possible to cope with the increase in investments and M&A transactions and to reduce debt by 91 million.
The ESG performance was positive with separate waste collection on the rise, which stood at over 69.4%, and the carbon intensity down by 328gCo2 / Kwh. Strong customer base in the energy sectors (nearly 2 million customers), up by more than 112,000 compared to December 31 last year.
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Source From: Ansa
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