Increased Investments: € 6.5 bn (+14%)
Snam has forecast an increase in investments for the period 2019-2023 bringing them up to € 6.5 billion, approximately 14% more than the € 5.7 billion of the 2018-2022 Plan. The growth is attributable both to the new energy transition businesses and to the increase in investments in replacements. In detail, € 5.3 bn of the investments in the plan concern the transportation network, € 0.8 bn refer to storage and regasification and € 0.4 bn to the new businesses linked to the energy transition.
storage and LNG investments
energy transition investments
Storage & LNG
SNAM: GROWTH DRIVES
Snam pursues a sustainable model of growth, in order to create value through these main strategic drivers: the continuing improvement in the results of core business; the growing exposure to energy transition with new initiatives; the solid performance of international businesses and the ongoing optimization of financial structure.
Snam confirms its commitment to guarantee shareholders an attractive and sustainable remuneration and the payment of an interim dividend. The dividend growth is expected to be 5% per year up to 2022, confirming the previous target. The healthy results and solid business fundamentals allow Snam to propose a dividend of €0.2376 per share to the Shareholders’ Meeting, of which €0.095 per share was paid in January 2020 as an interim dividend and the balance of €0.1426 per share will be paid from 24 June 2020 with warrant date 22 June 2020 (record date 23 June 2020).More about Shareholders return
24 March 2020 - 12:10 CET