Snam Company profile
About Snam SpA
Snam SpA is an Italy-based company engaged in the management of natural gas services. The Company is diversified into four operating segments. The Transportation segment covers transportation-related gas services, including capacity management and transportation of the gas at the entry points of the gas network to the redelivery points. It owns transportation infrastructures of gas pipelines. The Regasification segment is focused on extraction activities of natural gas, its liquefaction for transport by ship and subsequent regasification. The Storage segment covers deposits, gas treatment plants, compression plants and the operational dispatching system. The Distribution segment engages gas distribution through local transportation networks from delivery points at the metering and reduction stations to the gas distribution network redelivery points at the end customers. Additionally, Snam SpA as the parent company, focuses on planning, management, coordination and control of the group.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Snam SpA revenues increased 19% to EUR3.3B. Net income increased 36% to EUR1.5B. Revenues reflect Regulated revenues increase of 5% to EUR2.87B. Net income benefited from Net income from equity investments increase of 19% to EUR294M (income). Dividend per share increased from EUR0.25 to EUR0.26. Basic Earnings per Share excluding Extraordinary Items increased from EUR0.34 to EUR0.46.
Equity composition
04/2009, Rights Issue, 11 new shares for every 12 shares held @ EUR 2.15 (Factor: 1.21929).
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