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Last €1.30 EUR
Change Today -0.004 / -0.31%
Volume 192.0K
IRE On Other Exchanges
Symbol
Exchange
IRE is not on other exchanges.
As of 5:35 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

iren spa (IRE) Snapshot

Open
€1.31
Previous Close
€1.31
Day High
€1.31
Day Low
€1.29
52 Week High
04/8/15 - €1.37
52 Week Low
12/16/14 - €0.82
Market Cap
1.7B
Average Volume 10 Days
1.3M
EPS TTM
€0.08
Shares Outstanding
1.2B
EX-Date
06/22/15
P/E TM
16.7x
Dividend
€0.05
Dividend Yield
4.05%
Current Stock Chart for IREN SPA (IRE)

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iren spa (IRE) Details

Iren S.p.A., a multiutility company, is primarily engaged in the production, distribution, and sale of electricity in Italy. It produces electricity principally from hydroelectric and renewable sources. The company also produces and sells heat; and distributes and sells gas and district heat. It distributes electrical energy through its 7,439 kilometers of low, medium, and high voltage networks to approximately 691,000 customers in Turin and Parma; and gas through its 9,000 kilometers network to approximately one million customers. In addition, the company is involved in the provision of technological services that include network engineering services to the markets comprising IT, modelling, and simulation, as well as upgrading services for technological networks; and design and management of waste treatment and disposal plants, as well as management of production plants for district heating. Further, it is engaged in the collection and disposal of waste; sale and distribution of water; and provision of water treatment and sewerage services. Additionally, the company provides street and traffic light services; telecommunications services; and services for the management of air conditioning systems in public buildings. It is also involved in the management of heating and electrical systems; management of technological systems at sports and public service facilities; and maintenance of public parks, snow removal, and cemetery services. The company sells approximately 3.2 billion cubic meters of gas; approximately 17,053 GWh of electrical energy; and 2,980 GWht of heat for the district heating networks, as well as operates 12 hydroelectric plants and 8 thermoelectric cogeneration plants. Iren S.p.A. is headquartered in Reggio Emilia, Italy.

iren spa (IRE) Top Compensated Officers

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Executives, Board Directors

iren spa (IRE) Key Developments

Iren SpA Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Iren SpA announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of EUR 919,119,000 compared to EUR 903,133,000 a year ago. Gross operating profit was EUR 211,431,000 compared to EUR 203,271,000 a year ago. Operating profit was EUR 133,180,000 compared to EUR 128,734,000 a year ago. Profit before tax was EUR 101,869,000 compared to EUR 100,216,000 a year ago. Profit for the period from continuing operations was EUR 62,833,000 compared to EUR 54,810,000 a year ago. Profit attributable to owners of the parent was EUR 58,589,000 compared to EUR 51,321,000 a year ago. Operating cash flow was EUR 151,059,000 compared to EUR 53,874,000 a year ago. Investments in tangible and intangible assets were EUR 43,167,000 compared to EUR 43,286,000 a year ago. Investments in financial assets were EUR 385,000 compared to EUR 25,000 a year ago. Net financial debt as on March 31, 2015 was EUR 2,172 million compared to EUR 114 million for the period ended December 31, 2014.

Iren SpA Proposes Payment of Dividend for the Year 2014, Payable on June 26, 2015

The Board of Directors of Iren SpA has decided to propose to the general shareholders' meeting the payment of a dividend of EUR 0.0523 per ordinary share for the year 2014, in line with the last two years, to be paid on the June 26, 2015 (detachment date June 23, 2015 ­ record date June 25, 2015).

Iren SpA Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

Iren SpA reported unaudited consolidated earnings results for the year ended December 31, 2014. Consolidated revenues in 2014 amount to EUR 2,901.8 million, a 14.0% fall compared to the EUR 3,372.7 million reported in the previous year, confirming the trend that characterised the first nine months 2014 and the energy sector in general. This is due to a reduction both in gas and heat volumes sold (linked to the mild winter/autumn season), and to a drop in energy commodity prices. Gross operating profit (Ebitda) stands at EUR 622.7 million and has been negatively affected by non-recurrent factors for approximately EUR 15 million deriving from the balance between the capital gain related to the Real Estate Fund set up in 2012 and the costs for the voluntary retirement plan incentives. EBITDA adjusted for this figure stands at EUR 637.9 million compared to EUR 652.3 million reported in the previous year. This decrease is mainly due to a temporary negative operating trend in the energy sector (climate, regulatory and market factors) partly offset by a recovery in margins reported mainly in the integrated water cycle and waste sectors. Operating profit (EBIT) total EUR 325.4 million, substantially in line with EUR 331.0 million reported in 2013. This result incorporates lower provisions and the release of a number of funds which more than offset the increase in depreciation and amortization linked largely to the new plants (ex-Edipower) entering the group's perimeter at the end of 2013. Net profit stands at EUR 68.9 million but, adjusting for negative extraordinary items linked primarily to deferred/estimated taxes as a result of the declaration of the unconstitutionality of the so-called Robin Hood tax, would amount to EUR 99.7 million (EUR 88.6 million at the end of 2013). Apart from reflecting the operating results for the period, net profit has also been affected by lower capitalized interests and a negative contribution from the companies consolidated with the equity method. Profit before tax was EUR 213.726 million compared EUR 224.938 million a year ago. Profit for the period attributable to owners of the parent was EUR 68.945 million compared EUR 88.629 million a year ago. Operating cash flow was EUR 347.868 million compared EUR 433.553 million a year ago. Investments in tangible and intangible assets were EUR 261.605 million compared EUR 270.414 million a year ago.

 

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