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Company targets and achievements

Snam always aims to guarantee the achievement of its financial targets. The Company is pursuing a sustainable growth model, aimed at value creation and growing asset returns, supported by economic results. Since 2001, the listing year, to March 2018 Snam has achieved significant financial goals, distributing dividends amounting to around €12.3 bn.

Over the 2018- 2022 period Snam will invest €5.7 bn across the businesses. The tariff RAB will grow at 2.5% thanks to the significant capex plan that will be deployed during the plan period. This combined with cost control, the contribution of additional income from Snam’s associates, the reduction in cost of debt and balance sheet management, will support an expected net income growth to 2022 of 4% CAGR.

  •  
  • Guidance 2019
  • Targets
  • INVESTMENTS
  • € ~1.0 bn
  • € 5.7 bn 2018-2022
  • TARIFF RAB
  • € ~20.4 bn
  • ~2.5% CAGR 2017-2022
  • Net income
  • ~4% growth
  • >4.0% CAGR 2017-2022

 

INVESTMENTS (€ Mln)

Snam has forecast an increase in investments for the period 2018-2022 of approximately 10% to €5.7 bn, versus €5.2 bn in the 2017-2021 plan. The increase compared to the previous plan is due to both investments in new businesses and an increase in investments in maintenance and replacement activities. The €5.7 bn investment can be broken down into €4.8 bn of planned investment for the transportation network, €0.7 bn for storage and regasification and €0.2 bn for new businesses linked to the energy transition.

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* Investments post separation of gas distribution activity (Italgas)

** Guidance of March 2018

DIVIDEND PER SHARE (€ cent)

Snam confirms its commitment to guaranteeing shareholders attractive and sustainable remuneration and to the payment of an interim dividend. Dividend growth over the plan period is expected to be 5% per annum.Snam forecasts that for 2018 a total dividend of €0.2263 per share will be distributed in 2019 (of which 40% will be through an advance payment in January 2019, as approved by the Board of Directors on 6 November 2018, and the remaining 60% to be paid in June 2019, subsequent to approval at the Shareholder Meeting which will approve the financial statements for 2018).

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updated
19 November 2018 - 12:18 CET