Iren SpA
MIL:IRE

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Iren SpA Logo
Iren SpA
MIL:IRE
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Price: 2.592 EUR 1.41% Market Closed
Market Cap: 3.4B EUR

Iren SpA
Investor Relations

Iren SpA, a prominent Italian multi-utility company, has woven itself into the urban and rural tapestries of northern Italy, delivering essential services that keep communities running smoothly. The company emerged from the merger of Enìa and Iride in 2010, marking a significant consolidation of expertise and resources. At its core, Iren operates across diverse sectors such as electricity, gas, thermal energy, integrated water services, waste management, and technologies for energy efficiency in public lighting and services. This intricate business model is supported by a robust infrastructure network that caters to millions of residents and businesses. Through its varied portfolio, Iren not only provides fundamental services but also positions itself as an integral player in Italy’s transition towards sustainable and efficient energy use.

Iren’s financial success rests on its ability to maintain and expand its operational bases through constant innovation and adaptability. The company generates revenue by producing and dispatching electricity, managing an extensive gas supply network, providing wastewater treatment, and managing municipal solid waste. A significant portion of its income comes from electricity generation, where it owns a diversified mix of renewable and conventional power plants. Iren’s waste management operations, pivotal in the circular economy, allow it to capitalize on the recycling and energy recovery sectors. Moreover, its commitment to sustainability and energy efficiency initiatives opens additional revenue streams through eco-friendly projects and consultancy services aimed at reducing energy consumption. This broad spectrum of activity equips Iren to not only meet current market demands but also to anticipate the evolving needs of the future.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
May 15, 2025
AI Summary
Q1 2025

EBITDA Growth: Q1 EBITDA rose 9% year-on-year to EUR 418 million, driven by higher volumes and margins in electricity and contributions from the Egea integration.

Net Profit: Group net profit for Q1 reached EUR 136 million, up 8% compared to last year, benefiting from reduced minorities after acquisitions.

Debt Reduction: Net financial debt fell below EUR 4 billion, dropping by EUR 111 million since December 2024, helped by strong cash flow and a hybrid bond issue.

Guidance Confirmed: Full-year 2025 EBITDA guidance of EUR 1.34–1.36 billion and net profit forecast of EUR 300–310 million were confirmed.

Egea Integration: The integration of Egea added EUR 20 million to results and 200,000 new customers, with management highlighting synergies and above-expectation performance.

Investments: Technical investments increased 12% to EUR 185 million in Q1, focused on networks, water, and waste infrastructure.

ESG Progress: Around 70% of investments are taxonomy-eligible, and improvements were noted in waste collection, energy savings, and service quality.

Key Financials
EBITDA
EUR 418 million
Net Profit
EUR 136 million
Net Financial Debt
below EUR 4 billion
Technical Investments
EUR 185 million
Operating Cash Flow
EUR 314 million
Hybrid Bond Issue
EUR 500 million
Customer Base
over 2.5 million customers
Earnings Call Recording
Other Earnings Calls
2025
2024
2023
2022
2021
2020
2019
2018

Management

Mr. Moris Ferretti
Vice-Chairman and Strategic Director of Human Resources, CS & Delegated Areas
No Bio Available
Engineer Luca Dal Fabbro
Chairman and Strategic Director of Finance, Strategies & Delegated Areas
No Bio Available
Mr. Gianluca Bufo
CEO & GM of Iren Group
No Bio Available
Mr. Giulio Domma
Head of Investor Relations
No Bio Available
Maximilian Abraham
Corporate Affairs & Legal Affairs Director
No Bio Available
Mr. Massimo Levrino
Head of CEO Office
No Bio Available
Mr. Eugenio Bertolini
Chief Executive Officer of Iren Ambiente
No Bio Available
Mr. Giuseppe Bergesio
Chief Executive Officer of Iren Energia
No Bio Available
Mr. Fabio Giuseppini
Chief Executive Officer of the IRETI
No Bio Available

Contacts

Address
REGGIO EMILIA
Reggio nell'Emilia
Via Nubi di Magellano, 30
Contacts
+3905222971.0
www.gruppoiren.it