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Highlights 2020
Economic and financial highlights
Adjusted total revenue
+ 6.0% compared to 2019
Adjusted EBITDA
+7.0% compared to
the 2019 result
Adjusted EBIT
+6.0% compared to
the 2019 result
Adjusted net profit 2
+0.1% compared to
the adjusted 2019 result
Investments
€740.0 million in 2019
Cash flowNet cash flow from operating activities is represented by the cash generated by a company over a certain period of time. Specifically, the difference between current inflows (mainly cash revenue) and current cash outflows (costs from operating activities 3
€714.4 million in 2019
Proposed dividend of
+8.2%
compared to the dividend
paid in 2020
Operating highlights 4
New smart meters installed
to replace traditional meters
Distribution network
extended by
for an overall length of
73,000 Km
Municipalities
with gas distribution
service connection
(1,830 as at 31 December 2019), of which 1,804 operating (1,744 as at 31 December 2019)
Sustainability highlights
Gas Leakage Rate
(volume of fugitive emissions
of natural gas/volume of gas distributed)
Energy intensity
reduction on 2019 (calculated as the ration of total Group energy consumption and energy distributed)
Scope 2 Emissions
following the purchase of electricity produced from certified renewable sources
Hours of training provided
on digitisation-related
matters
1For the economic and financial analyses for the financial year 2020, the company considered it more representative to comment on the adjusted results, i.e. the recurring results, comparing them with the non-adjusted recurring results for the financial year 2019.
2Adjusted net profit refers to the adjusted amount attributable to the Italgas Group, net of the portion attributable to minority interests.
3Net of the effects deriving from IFRS 15.
4Considering the affiliates over which Italgas does not exercise control.