Italgas: with a new investment plan worth 13 billion, it is targeting an EBITDA of 3.3 billion in 2032
Total RAB of 21.7 billion
Italgas unveils its Strategic Plan for the period 2026–2032, entitled ‘Lead. Innovate. In a changing world’, which involves total investments of €13 billion, an increase of 14.6% compared with the previous 2025–2031 plan, excluding the impact of the cash outlay for the acquisition of 2i Rete Gas. In detail, a press release explains, €8.3 billion is earmarked for the development, digitalisation and repurposing of gas infrastructure in Italia (+4%), €2.4 billion for future Atem gas distribution tenders (+59% compared with the previous Plan), €1 billion for the development and extension of the gas distribution network in Greece, in line with the previous Plan; €0.8 billion to strengthen its position in the water and energy efficiency sectors (+5.6 per cent) and €0.5 billion for M&A transactions in the gas distribution sector. Also by 2032, total efficiencies of 280 million are forecast, an increase of +12 per cent: the new target is primarily driven by the increase in productivity delivered by Artificial Intelligence, raised to 100 million euros compared with 70 million euros in the previous Plan. In addition, there will be 120 million in revenue from incremental investments in digitalisation, linked to the digitalisation programme for the former 2i Rete Gas assets; as part of activities on the Italian network, investments are set to rise (to approximately 1.2 billion euros) to enable their complete technological upgrade. EBITDA is forecast to reach €2.8 billion in 2029 and €3.3 billion in 2032, with a CAGR for 2025–2032 of 8.4% , driven by revenue growth and the gradual realisation of synergies. EBIT is forecast to exceed €1.8 billion in 2029 and reach approximately €2.2 billion in 2032.
Lab-com
