Iren, the Assembly approves the 2021 budget, Dal Fabbro new president

REGGIO EMILIA (ITALPRESS) – The General Shareholders’ Meeting of Iren Spa has approved the annual accounts at December 31, 2021, the operating report and the proposed allocation of the profit for the year for an amount of 218,850,794.04 euros, as agreed by the Board of Directors on April 20, as follows: € 10,942,539.70 equivalent to 5% of the profit for the year, in the legal reserve; 136,597,794.59 euros in dividends to Shareholders, corresponding to 0.105 euros for each of the 1,300,931,377 ordinary shares that make up the Company’s share capital with the specification that the treasury shares will not benefit from the dividend; the dividend must be paid from July 20, 2022, against coupon release on July 18, 2022 and registration date on July 19, 2022; in a specific reserve of accumulated benefits, the residual amount of at least € 71,310,459.75.
The General Meeting of Shareholders, by a large majority, also approved the first section (“2022 Remuneration Policies”) of the Report on Remuneration Policy 2022 and on Remuneration Satisfied for 2021; has voted in favor of the “Second Section” (Compensation paid in 2021 ″) of the 2022 Compensation Policy Report and the 2021 Compensation Remuneration; appointed the new Board of Directors and its Chairman, Luca Dal Fabbro, for the three-year period 2022-2023-2024. The Board of Directors, for the first time in the history of the Iren Group, will be made up mostly of women, 8 out of a total of 15 members. Finally, the General Meeting of Shareholders determined the annual remuneration to be paid to the members of the Board of Directors.
“Joining the Iren Group is a source of honor for me,” said Luca Dal Fabbro. Iren plays and will play an increasingly strategic role for the economic development of its territories, for the protection of the environment and for the improvement and sustainable use of such valuable resources as water and energy. Based on the link that Iren has with its reference territories and the unique value that this relationship generates, I will put my previous experiences at the service of the company to help make the Group a leader in the circular economy and in the energy transition. . My first commitment will be to know and delve into the great wealth of professionalism, skills and stories of the people who are part of it: an invaluable human capital and rich in diversity. The enabling factors to make the vision for the coming years a reality will be teamwork, not only between the people who work for us and with us but also with the territories of reference, the development of skills and synergies, innovation and collaboration with initiative institutions such as the PNRR. The ultimate goal is to create more and more value for all our stakeholders and shareholders. “
Consolidated income at December 31, 2021 amounted to 4,955.9 million euros, an increase of + 33% compared to 3,726.2 million euros in 2020.
Gross Operating Margin (Ebitda) amounted to 1,015.8 million euros, an increase (+ 9.6%) compared to 926.9 million euros in 2020.
Operating income (Ebit) amounted to 454.1 million euros, an increase of + 9.3% compared to 415.4 million euros in 2020.
The net profit attributable to the Group’s shareholders amounted to 303.1 million euros, a significant increase (+ 26.7%) compared to the 2020 result.
Net financial debt at December 31, 2021 amounted to 2,906 million euros, 42 million euros less than the figure at December 31, 2020 (2,948 million).
Gross investments made in the period amounted to 955 million euros, an increase (+ 4.7%) compared to 913 million euros in 2020, of which 85 million euros correspond to the cash of the acquisitions made during the year.

– Photo of Iren’s press office –

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