Earnings release
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Iren PRESS RELEASE The Board of Directors approves the results at 30 September 2021. Strong growth in all economic and financial indicators : Ebitda up 12 % , Group net profit by 58 % and investments by 13 % . The results achieved in the first nine months of 2021 , which showed EBITDA of 733 million euros ( + 12.3 % ) and Group net profit attributable to shareholders of 242 million euros ( + 57.6 % ) , were supported in particular by the Environment , Energy and Networks business units and bolstered by the positive contribution of the consolidation of I.Blu and Unieco . Moreover , the high cash generation of the period and the positive change in the fair value of derivative instruments made it possible to cover the increase in investments ( + 12.5 % ) and M & A operations and to reduce the debt by 91 million euros . Main economic - financial indicators • • • ● Revenues at 3,104 million euros ( + 18.1 % compared to 2,629 million euros as at 30/9/2020 ) . Gross Operating Margin ( Ebitda ) in the amount 733 million euros ( + 12.3 % compared to 653 million euros as at 30/9/2020 ) . Operating profit ( Ebit ) in the amount of 336 million euros ( + 16.0 % compared to 290 million euros as at 30/9/2020 ) . Group net profit attributable to shareholders of 242 million euros ( + 57.6 % compared to 153 million euros as at 30/9/2020 ) . Net financial debt at 2,859 million euros ( -3.1 % compared to 2,950 million euros as at 31/12/2020 ) . ESG and industry highlights • Positive ESG performances , with sorted waste collection , equal to over 69.4 % , and carbon intensity down to 328gCO2 / kWh . • Overall organic growth of approximately 22 million euros in Ebitda . • Consolidation of recently acquired companies ( I.Blu and Unieco ) equal to 28 million euros in Ebitda . • Synergies equal to 8 million euros in Ebitda . • Investments of 466 million euros ( + 12.5 % ) , in line with the Plan's assumptions . • Solid customer base in the energy sectors ( approximately 2 million customers ) , up by 112,000 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