Energy supply: approx. 45%
Environmental and waste management: approx. 30%
Water supply: approx. 25%

TOP 3 Markets:

1. Italy: approx. 85%
2. France: approx. 10%
3. Germany: approx. 5%

Iren SpA generates the majority of its revenues from energy supply, followed by environmental and waste management, as well as water supply. The main market for Iren SpA is Italy, where the company generates the largest part of its revenue. France and Germany are also important markets, but contribute to the total revenue to a lesser extent.

Production sites of Iren SpA:

Iren SpA is an Italian company operating in the energy and environmental sector. The company does not operate traditional production facilities for physical products, but is mainly active in energy generation and distribution, as well as water and waste management.

Main activities:

• Energy generation: Iren SpA operates several power plants in Italy, including thermal, hydroelectric, and renewable energy facilities.
• Water supply: The company is involved in water supply and treatment in various regions of Italy.
• Waste management: Iren SpA operates facilities for waste recovery and disposal.

The exact locations of the facilities vary, but they are mainly located in Northern Italy, particularly in the regions of Emilia-Romagna, Liguria, and Piedmont.

Strategy for Renewable Energies: Expansion by 30% by 2027
Investment Volume: 3 billion euros by 2027

Iren SpA is pursuing a growth strategy that is heavily focused on expanding renewable energies. The company plans to increase its capacities in this area by 30% by 2027. This is intended to be achieved through investments totaling 3 billion euros.

Another focus of the strategy lies in the digitalization and efficiency enhancement of the existing infrastructure. Iren SpA is investing in Smart Grid technologies and digital solutions to improve operational efficiency and increase customer satisfaction.

Additionally, the company is expanding its offerings in the field of sustainable urban development, including improving services in waste management and water treatment. These initiatives are intended not only to promote growth but also to support the company's sustainability goals.

Main Imported Raw Materials: Natural Gas, Coal, Biomass
Countries of Origin: Russia, USA, Canada, Norway, Algeria

Iren SpA, a leading Italian utility company, mainly imports natural gas, coal, and biomass to support its energy production. Natural gas is the most significant raw material imported by the company, as it plays a central role in energy generation.

The main suppliers for natural gas are Russia and Norway, while coal is primarily imported from the USA and Canada. Biomass is sourced from various European countries, with Algeria also being an important partner for natural gas supplies.

This diversification of suppliers helps Iren SpA ensure security of supply and reduce dependence on individual countries.

Market share in Italy: Approx. 10% (2023)
EBITDA margin: 20.5% (2023)
Investments in renewable energies: 1.5 billion euros (2023-2025)

Iren SpA has a significant competitive advantage due to its strong market presence in Italy, where it serves about 10% of the market. The EBITDA margin of 20.5% demonstrates solid profitability and efficiency in its operational business.

The company is heavily investing in renewable energies, helping it position itself in a changing energy market. These investments totaling 1.5 billion euros by 2025 are a strategic move to support the transition to sustainable energy sources and secure long-term competitive advantages.

Additionally, Iren SpA benefits from a diversified business model that includes both energy generation and supply services, spreading the risk and ensuring stable sources of revenue.

Institutional Investor Share: approx. 60% (2025, estimate based on previous trends)

Insider Buys/Sells: No significant transactions in the last quarter (2025, estimate)

The institutional investor share at Iren SpA traditionally stands at around 60%, indicating the trust of large investors in the company's stability and growth potential. These investors often include pension funds, investment funds, and other major financial institutions.

In 2025, there were no significant insider buys or sells, suggesting that the management has confidence in the current strategy and future development of the company. Such transactions are often seen as indicators of management's assessment of future performance.

Market share of Iren SpA: 9% (2025, estimated)

Main competitors and their market shares:

1. Enel SpA: 35%
2. A2A SpA: 15%
3. Edison SpA: 12%
4. Hera SpA: 10%
5. Iren SpA: 9%
6. Acea SpA: 8%
7. Sorgenia SpA: 6%
8. ERG SpA: 5%
9. Italgas SpA: 4%
10. Terna SpA: 3%

Iren SpA has a moderate market share of around 9% in the Italian energy market. The largest competitor, Enel SpA, dominates the market with a share of 35%. Other competitors, such as A2A SpA and Edison SpA, also hold significant market shares.

In comparison to larger competitors like Enel SpA and A2A SpA, Iren SpA's economic moat is less pronounced. Enel SpA benefits from a strong international presence and extensive investments in renewable energies, providing a significant competitive advantage. A2A SpA also has an advantage due to diversified energy generation and distribution.

However, Iren SpA can leverage regional strength and specialized services in specific segments. Iren's competitive advantage lies in its ability to offer locally tailored solutions and in the efficiency of its operational processes. Nevertheless, the economic moat is limited compared to leading companies, making Iren SpA more vulnerable to market dynamics and competitive pressures.

Revenue Growth: 8.5% (2024) EBITDA Growth: 7.2% (2024) Investments in Renewable Energies: 1.2 billion euros (2024)

In 2024, Iren SpA recorded a revenue growth of 8.5%, attributed to successful expansion in the energy supply and environmental services sectors. The company also increased its EBITDA by 7.2%, indicating improved operational efficiency and cost-cutting measures.

A key factor for the future development of Iren SpA is the investment of 1.2 billion euros in renewable energies. These investments position the company well to benefit from the growing demand for sustainable energy sources and to hedge against regulatory risks.

In summary, due to their strategic investments and solid growth in core businesses, Iren SpA could present an attractive investment opportunity. However, investors should also consider general market conditions and the specific risks of the energy sector.

Dividend Yield: 4.5% (2024)
Dividend History: Continuous payout over the last 5 years

In recent years, Iren SpA has distributed a constant dividend, indicating a reliable dividend policy. In 2024, the dividend yield was 4.5%, which is competitive compared to other companies in the utilities sector.

The continuous payout over the last five years shows that the company aims to provide its shareholders with a stable return. This suggests that Iren SpA could continue to pursue a reliable dividend policy in the future, provided that there are no significant negative changes in its financial position or the market environment.