Increased Investments: €5.7 bn (+10%)
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 is due to both investments in new businesses and an increase in investments in maintenance and replacement activities, in order to guarantee the maximum resilience, flexibility and efficiency of existing infrastructure. 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.
storage and regasification investments
energy transition investments
Storage & regass
SNAM: GROWTH DRIVES
Snam pursues a sustainable model of growth, in order to create value through these main strategic drivers: continuous improvement in core business; enhanced exposure to the energy transition; strong performance of international activities; optimization of financial structure.
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.More about Shareholders return
21 February 2019 - 08:29 CET