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Iren S.p.A.
(LSE:IRE)
Iren S.p.A. (IRE) vs. S&P 500 (SPY)
Iren S.p.A. Business Overview & Revenue Model
Iren S.p.A. Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 6.41B | 7.75B | 4.91B | 3.68B | 4.24B | Gross Profit |
| 1.86B | 1.56B | 1.54B | 1.40B | 1.40B | EBIT |
| 464.64M | 463.74M | 454.11M | 415.79M | 452.15M | EBITDA |
| 1.09B | 949.36M | 912.96M | 838.82M | 851.65M | Net Income Common Stockholders |
| 254.84M | 226.02M | 303.17M | 239.17M | 236.58M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 436.13M | 788.40M | 606.89M | 890.17M | 345.88M | Total Assets |
| 11.69B | 11.72B | 10.31B | 9.55B | 8.80B | Total Debt |
| 653.22M | 106.62M | 3.94B | 3.98B | 3.51B | Net Debt |
| 217.09M | -681.78M | 3.33B | 3.09B | 3.16B | Total Liabilities |
| 8.44B | 8.53B | 7.36B | 6.79B | 6.15B | Stockholders Equity |
| 2.81B | 2.75B | 2.57B | 2.39B | 2.29B |
| Cash Flow | Free Cash Flow | |||
| -186.31M | 185.49M | 192.70M | 136.36M | 200.67M | Operating Cash Flow |
| 680.29M | 1.08B | 950.47M | 821.51M | 724.65M | Investing Cash Flow |
| -886.62M | -1.14B | -811.79M | -791.22M | -566.72M | Financing Cash Flow |
| -145.95M | 240.56M | -421.96M | 514.00M | -181.37M |
Iren S.p.A. Technical Analysis
Iren S.p.A. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €6.97B | 8.07 | 17.84% | 4.30% | -13.26% | 31.15% | |
75 Outperform | €16.83B | 13.37 | 16.18% | 5.69% | -16.40% | 10.90% | |
73 Outperform | €3.23B | 12.04 | 9.45% | 4.74% | -6.32% | 5.34% | |
73 Outperform | €71.04B | 10.44 | 27.10% | 5.63% | -17.34% | 104.14% | |
67 Neutral | €38.52B | 15.17 | 4.83% | 7.76% | -1.16% | -23.76% | |
63 Neutral | $8.48B | 11.84 | 5.32% | 4.35% | 3.04% | -11.46% |
Iren S.p.A. Corporate Events
Iren S.p.A.’s Board of Directors has appointed new leadership roles, assigning specific delegations and powers to ensure stability and continuity in management. The Board has also verified the integrity and independence of its directors, adhering to corporate governance standards, and appointed members to its Control, Risks, and Sustainability Committee.
Iren S.p.A.’s Shareholders’ Meeting approved the 2024 financial statements, a dividend proposal of 0.1283 euros per share, and appointed a new Board of Directors with Luca Dal Fabbro confirmed as Chairman. The company has demonstrated resilience in facing challenges like the energy crisis, achieving an average annual EBITDA growth of 8% and making substantial investments. These efforts underscore Iren’s commitment to its multi-business model and its strategic goals, ensuring continued growth and stakeholder value.
Iren S.p.A. has announced the availability of documents related to the upcoming Ordinary Shareholders’ Meeting scheduled for April 24, 2025. The meeting will address the determination of annual compensation for the Board of Directors, with documents accessible at the company’s registered office, Borsa Italiana, and online platforms.
Iren S.p.A. has updated its information document regarding a significant transaction with a related party, reflecting adjustments in the ‘REMbaseMAN’ fee due to changes in the Istat index. This update pertains to a project financing agreement with the Municipality of Turin aimed at enhancing the energy efficiency of buildings, indicating Iren’s ongoing efforts to improve operational efficiency and strengthen its market position in urban infrastructure projects.
Iren S.p.A. has announced the availability of several key documents related to its upcoming Ordinary Shareholders’ Meeting scheduled for April 24, 2025. These documents include the 2024 Integrated Annual Report, reports on financial statements, and lists for the appointment of the Board of Directors. This announcement provides stakeholders with essential information for the meeting and reflects Iren’s commitment to transparency and governance.
Iren S.p.A. has announced its decision to exercise a call option to acquire the remaining 47.23% stake in Egea Holding SpA from MidCo 2024 Srl, thereby securing full ownership of the company. The transaction, valued at 74.8 million euros, is subject to verification mechanisms as per the existing agreements, potentially impacting Iren’s strategic positioning and operational control within the industry.
Iren S.p.A. reported strong financial results for 2024, with a 6.5% increase in EBITDA and a 5% rise in net profit, driven by both organic growth and strategic acquisitions. The company emphasized its commitment to sustainability, with 76% of investments directed towards sustainable projects and a significant reduction in carbon intensity, while also proposing an 8% dividend increase, reflecting its robust performance and future growth potential.
Iren S.p.A. has decided to exercise its call option to acquire the remaining 47.23% of Egea Holding, aiming to fully own the company by March 31, 2025. This strategic move is part of Iren’s broader plan to restructure and integrate Egea into its operations, enhancing synergies and creating additional value for stakeholders while preserving the Egea brand’s historical significance.
Iren S.p.A. has announced the availability of Directors’ Reports for its upcoming Ordinary Shareholders’ Meeting scheduled for April 24, 2025. The meeting will address the appointment of the Board of Directors and the determination of their annual compensation for the 2025-2027 term, impacting the company’s governance and operational structure.
Iren S.p.A. has updated its Procedure on Transactions with Related Parties, incorporating non-substantial clarifications to enhance the clarity of specific provisions. This update, approved by the Board of Directors and effective from January 1, 2025, strengthens the company’s governance and compliance framework, reflecting its commitment to transparency and robust internal controls.
Iren S.p.A. has released a document approved by its Board of Directors outlining the qualitative and quantitative composition of its Board for 2025-2027. This document is part of the company’s efforts to ensure effective governance and will be discussed in an upcoming Shareholders’ Meeting, which will also address the financial statements for 2024 and board renewal.