Snam closed the first nine months of the year with a net profit of 674 million, up 31,4% compared to the same period of 2012. This was announced by the company, specifying that total revenues amounted to 2,633 billion euros (+3,8%). Furthermore, in the third quarter of 2013 alone, net income amounted to 212 million euros, up by 207 million on an annual basis.
Technical investments in the first nine months reached 775 million euros (285 million euros in the third quarter). Net financial debt at September 30, 20135 amounted to 12.877 million euros (12.398 million euros at December 31, 2012).
The natural gas injected into the National Pipeline Network in the first nine months of 2013 stopped at 50,34 billion cubic metres, down by 7,11 billion cubic metres, equal to 12,4% less than in the first nine months in 2012 (15,85 billion cubic meters in the quarter; -4,5%).
The reduction is due to the lower demand for natural gas in Italy (-8,2%), mainly attributable to lower consumption in the thermoelectric sector, partly offset by higher consumption in the residential and tertiary sector, as well as lower net storage reservoirs.
This morning in Piazza Affari, the Snam stock is down slightly (-0,16%).
