Snam in 2015
HIGHLIGHTS
€1,238 million (+3.3%);
€1,209 million when adjusted (+12.2%)
We obtained ISO 14001 certification for our environmental management system across the whole Snam Group
We supported our growth strategy with €1.27 billion of technical investments
Free cash flow:
€771 million, an increase of €474 million compared with 2014
We successfully completed our liability management transaction:
buying back outstanding bonds with a total nominal value of around €1.0 billion and an average residual maturity of less than two years, and simultaneously issuing a new eight-year bond worth €0.75 billion
Acquired 20% of TAP for a total outlay of €208 million
Around 85% of our employees took part in training activities. We provided an average of about 26 training hours per employee
The Snam share price ended 2015 at €4.848, +17.8% compared with the end of 2014
We proposed to award our shareholders a dividend of €0.25 per share
Signed 65 contracts with customers to connect new gas delivery/redelivery points on the transportation network (+44.4% compared with 2014)
There was a further reduction in contract worker accident frequency (-27.7% compared with 2014)