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Italgas reports 6% rise in Q1 core profit following 2i Rete Gas acquisition

Published 07/05/2025, 07:32
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Investing.com -- Italgas, the largest gas distributor in Europe, reported on Wednesday a 6% year-on-year increase in adjusted core profit for the first quarter.

The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew to €345 million ($392.06 million).

This increase was primarily driven by growth in Italgas’s regulated activities.

Italgas completed the acquisition of its smaller competitor, 2i Rete Gas, last month. The purchase price for this deal was €5.3 billion.

This acquisition is now being integrated into Italgas’s operations, and it’s expected to contribute to the company’s financial performance going forward.

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