(Finance) – Gas Plusa group listed on Euronext Milan and the fourth largest Italian natural gas producer, ha EBITDA forecast confirmed consolidated at the end of 2022, significantly increasing compared to 2021, while it has the estimate of the net result has been revised downwards. Now this rumor is expected “in limited loss“, while on April 13 the company had said it expected a” positive net result on an annual basis. “The revision of the outlook comes after the publication in the Official Gazette of the Decree Law of 17 May 2022 and of the conversion law, approved in via definitive, of the Decree Law of 21 March 2021.
Gas Plus has revised its profit outlook downwards due to the new “extraordinary contribution against expensive bills” – increasing from 10 percent to 25 percent – and the relative methods of determination – unsuitable for correlating the amount of the contribution to the actual achievement of profits in a given period.
The company points out that no profits are expected to be able to fully absorb the amount of the aforementioned contribution“. Gas Plus adds that” this result may change, in particular, due to an acceleration in the production start-up times of the Midia project fields in Romania “.