Earnings release
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Iren PRESS RELEASE The Board of Directors approves the fiscal year results at 30 June 2021 : The upward trend in all economic and financial indicators is confirmed : Ebitda up 9 % , Group net income up 46 % and investments up 10 % . The results obtained in the first half of 2021 show growth supported by all business areas and sustained by the positive contribution from the consolidation of I.Blu and Unieco . This performance is reflected in an EBITDA of € 517 million ( + 9.3 % ) and Group net profit attributable to shareholders of € 193 million ( + 45.6 % ) , while maintaining a substantially unchanged level of debt thanks to the robust generation of cash , able to meet the high level of investment ( + 9.8 % ) . Main economic - financial indicators • Revenues at € 2,005 million ( + 9.8 % compared to € 1,826 million at 30/6/2020 ) . • Gross Operating Margin ( Ebitda ) at € 517 million ( + 9.3 % compared to € 473 million at 30/6/2020 ) . • Operating profit ( Ebit ) of € 251 million ( + 8.3 % compared to € 232 million at 30/6/2020 ) . • Group net profit attributable to shareholders of € 193 million ( + 45.6 % compared to € 133 million at 30/6/2020 ) . • Net financial debt at € 2,959 million ( + 0.3 % compared to € 2,950 million at 31/12/2020 ) . ESG and industry highlights • ESG performance was positive , with recycling up over 69 % and carbon intensity down to 312gCO2 / kWh . • Overall organic growth of around € 12 million in Ebitda . ● Consolidation of recently acquired companies ( I.Blu and Unieco ) amounting to € 18 million Ebitda . • Synergies amounting to € 6 million Ebitda . • Investments of € 279 million ( + 9.8 % ) , in line with the Plan's forecasts . Solid customer base in the energy sectors ( over 1.9 million customers ) , up by more than 30,000 compared to 31/12/2020 . Iren Group Images Investor Relations Area Iren Overview Investor Relations Giulio Domma Tel . +39 0521.248410 investor.relations@gruppoiren.it Media Relations Roberto Bergandi Tel . +39 011.5549911 Mob . +39 335.6327398 roberto.bergandi@gruppoiren.it Barabino & Partners Tel . +39 02 72023535 Giovanni Vantaggi + 39 328 8317379 g.vantaggi@barabino.it