Snam's Profit Outlook Rises, German Acquisition Awaits
Update: 2025-11-05
Description
Snam, the Italian energy company, reports a positive financial update, raising its profit outlook for 2025. With a 6.6% increase in core earnings and EBITDA reaching €2.23 billion, slightly above predictions, Snam's adjusted net income grew by 10% to €1.1 billion. The company is awaiting a crucial decision from Germany's economy ministry regarding its plan to acquire a stake in Open Grid Europe, a decision expected by November 17th, which will significantly impact their future plans.
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