BAKU, Azerbaijan, March 16. Snam has reaffirmed its financial targets for the fiscal year 2024, Trend reports.
One of the highlights of Snam's financial plan for 2024 is its substantial investment strategy. The company plans to allocate 2.9 billion euros towards investments, with a major focus on enhancing its gas infrastructure. Of this total, 2.7 billion euros will be directed towards bolstering the gas infrastructure network, while an additional 0.2 billion euros will be dedicated to initiatives in the energy transition sector.
In terms of regulatory asset base (RAB), Snam aims to reach 23.8 billion euros by the end of 2024.
Moreover, Snam targets an adjusted EBITDA of 2.7 billion euros, reflecting its focus on operational efficiency and value creation. In line with its financial goals, Snam anticipates achieving an adjusted net profit of approximately 1.18 billion euros in 2024.
Lastly, Snam aims to manage its financial leverage effectively, targeting a net debt of approximately 17.6 billion euros by the end of 2024.
As Snam continues to navigate the complexities of the energy landscape, these financial targets serve as a roadmap for the company's growth trajectory. With a clear focus on investment, profitability, and sustainability, Snam is poised to deliver value for its shareholders while driving positive change in the energy sector.
In today's complex and unpredictable global energy landscape, Snam is committed to fostering the evolution of highly adaptable infrastructure. This infrastructure is designed to accommodate diverse types of energy sources, paving the way for Italy's journey towards carbon neutrality. Additionally, it ensures the security, sustainability, and competitiveness of energy provision, safeguarding the nation's energy future.
