BAKU, Azerbaijan, January 26. Snam Group's EBITDA is expected to reach an estimated 3.2 billion euros in 2027, Trend reports.
According to the company's investment plan, this volume will also include around 140 million euros from energy transition activities.
From 2023 to 2027, Snam's Regulated Asset Base (RAB) growth is expected to amount to over 6 percent, surpassing the earlier plan's forecast (2022-2026) of 5 percent growth.
Meanwhile, Snam's adjusted EBITDA is forecast to show 7.4 percent growth, primarily attributed to RAB growth, the adjustment of the Weighted Average Cost of Capital (WACC), the implementation of the ROSS4 regulation for transport, and contributions from energy transition ventures.
The company's adjusted net income is expected to grow by 4 percent, anchored in a robust EBITDA contribution, slightly mitigated by rising Depreciation and Amortization (D&A) and financial expenses.
Furthermore, the guidance for 2023 adjusted net income has been revised upward to approximately 1.14 billion euros, compared to the previous forecast of at least 1.1 billion euros. The projection for the end of 2027 stands at around 1.33 billion euros.
During the reporting period, Snam anticipates that its overall investments in energy transition projects will amount to 1.2 billion euros. In general, investments for the period 2023-2027 are projected to reach around 11.5 billion euros, reflecting a 15 percent increase compared to the previous plan.