Italy's gas grid Snam reports 12% rise in 9-mth core profit
MILAN, Nov 7 (Reuters) -Italy's gas grid operator Snam SRG.MI said on Thursday its core earnings rose 12% in the first nine months of this year driven by growth at its fuel transport business.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 2.09 billion euros ($2.24 billion) between January and September, in line with an analyst consensus provided by the group.
The group confirmed its financial targets for 2024 and said its investments rose nearly 50% year-on-year to 1.8 billion euros as it boosted Italy's liquefied natural gas (LNG) infrastructure and increased its gas export capacity towards northern Europe.
($1 = 0.9302 euros)
Reporting by Francesca Landini, editing by Gianluca Semeraro
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