H1 revenue 872.3 mln eur, down 6.4% (Il Sole 24 Ore Radiocor) - London, 24 Jul - The Italian gas distribution group Italgas said that in the first half of 2024 adjusted net profit rose 13.3% to 241.5 million euros, while revenue fell 6.4% to 872.3 million due the reduction in energy efficiency activities following a change in Italian tax incentives.

Adjusted gas distribution regulated revenue was up 12.0% to 809.1 million euros.

Adjusted EBITDA grew 10.6% to 671.2 million euros and adjusted EBIT rose 12.0% to 401.8 million.

Technical investments totalled 353.7 million euros and cash flow from operating activities was 529.5 million.

Net financial debt was 6.829 billion euros.

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(RADIOCOR) 24-07-24 19:36:05 (0803) 5 NNNN