Revenue by Segment:

• Gas transport: approx. 70%
• Storage solutions: approx. 15%
• Regasification: approx. 10%
• Other services: approx. 5%

TOP 3 Markets:

• Italy: approx. 80%
• France: approx. 10%
• Greece: approx. 5%

Snam S.p.A. is mainly active in the gas infrastructure sector, with the majority of revenues coming from gas transport. Italy remains the dominant market for the company, followed by France and Greece. These markets benefit from Snam's strategic location and well-developed infrastructure.

Production Sites: Italy

Snam S.p.A. is a leading company in the field of natural gas infrastructure and operates mainly in Italy. The company is involved in the transmission, storage, and distribution of natural gas. Since Snam does not produce physical products in the traditional sense, but offers services in the gas infrastructure sector, its activities focus on the operation and maintenance of pipelines and storage facilities within Italy.

In addition, Snam is involved in various international projects, especially in Europe, to expand its infrastructure and services.

Investments in Renewable Energies: €1.4 billion by 2025
Decarbonization Goals: Net-Zero Emissions by 2040

Snam S.p.A. is pursuing a growth strategy that is strongly focused on the energy transition and decarbonization. The company plans to invest around €1.4 billion in renewable energies and sustainable technologies by 2025. These investments include hydrogen infrastructure and biomethane projects, which are seen as key components for future energy supply.

Furthermore, Snam has set ambitious decarbonization goals with the aim of achieving net-zero emissions by 2040. This includes both reducing direct emissions and promoting technologies that contribute to lowering CO2 emissions. The company's strategy is aimed at strengthening its position as a leading player in the European energy sector while also contributing to the global climate protection agenda.

Main raw materials: Natural gas

Countries of origin: Russia, Algeria, Norway, Libya, Qatar

Snam S.p.A. is a leading company in the field of natural gas infrastructure in Europe. The main raw material imported by Snam is natural gas. The main supplier countries for natural gas are Russia, Algeria, Norway, Libya, and Qatar. These countries are traditional suppliers to the European market and play a crucial role in ensuring the supply security of Italy and Europe.

Diversification of sources is of strategic importance to Snam to ensure supply security and minimize geopolitical risks. Snam also invests in infrastructure projects to improve the flexibility and efficiency of gas deliveries.

Market share in Italy: approximately 70% (estimated for 2025)
EBITDA margin: approximately 55% (2024)
Network length: over 41,000 km (2023)

Snam S.p.A. has a significant competitive advantage, especially due to its dominant market position in the Italian gas transportation sector. With an estimated market share of around 70% in Italy, the company is the leading player in the industry. This strong position is supported by an extensive network of over 41,000 kilometers of pipelines, enabling reliable and efficient gas distribution.

The EBITDA margin of about 55% demonstrates the high profitability of the company, indicating efficient operations and strong cost control. Snam also benefits from long-term contracts that secure stable revenues and reduce the risk of market fluctuations.

Additionally, Snam is investing in diversifying its business model, particularly through expanding hydrogen infrastructure and renewable energies, making the company more future-proof and potentially creating further competitive advantages.

Institutional Investor Share: 60% (estimated, 2025)
Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in Snam S.p.A. is around 60%, which is typical for large, established companies in the energy sector. These investors appreciate the stability and dividend yield that Snam offers.

In 2024, there were no significant insider transactions, indicating a stable confidence of the management in the company's long-term strategy. Such transactions are often seen as an indicator of the management's assessment of the company's future development.

Market share of Snam S.p.A.: Estimated 18% (2025)

Main competitors and their market share:

1. Eni S.p.A.: 22%
2. Terna S.p.A.: 15%
3. Italgas S.p.A.: 12%
4. Edison S.p.A.: 10%
5. A2A S.p.A.: 8%

Snam S.p.A. is one of the leading companies in the energy infrastructure sector in Italy. The market share of approximately 18% demonstrates a strong position in the national energy sector, particularly in the gas infrastructure segment. Snam benefits from a well-developed network and long-term contracts, which can be seen as a solid moat.

In comparison to its competitors, Eni S.p.A. holds a larger market share, attributed to its diversified energy production and international presence. Terna S.p.A. is also a strong competitor, especially in the electricity transmission sector, which differs from Snam's focus.

Snam's moat lies in its specialization in gas infrastructure and the strategic importance of this infrastructure for Italy's energy supply. While Eni pursues a broader energy approach, Snam, through its specialization and the regulatory framework in Italy, maintains a stable advantage.

Overall, Snam has a significant yet specialized moat, while some competitors may have a broader but less focused advantage through diversification and international expansion.

Revenue Growth: 3.5% (2024)
Net Income Growth: 4.2% (2024)
Investment Spending: 1.2 billion euros (2024)

Snam S.p.A. recorded a moderate revenue growth of 3.5% in 2024, attributed to stable demand in the gas infrastructure sector. The company also achieved a net income growth of 4.2%, driven by efficiency improvements and cost control.

The investment spending of 1.2 billion euros in 2024 indicates that Snam continues to invest in the modernization and expansion of its infrastructure to secure future growth. These investments are crucial to ensure long-term competitiveness and adaptation to the energy transition.

Overall, Snam S.p.A. demonstrates solid financial performance and a clear strategy to adapt to future market conditions. This could make the stock an attractive investment for investors interested in a stable company with long-term growth potential.

Dividend Yield: 5.2% (2024) Dividend Growth: 3% annually (average over the last 5 years)

Snam S.p.A. is known for its reliable dividend policy. The company has consistently paid out dividends in recent years while maintaining moderate growth. The current dividend yield is approximately 5.2%, which is considered attractive compared to other companies in the energy sector.

The stability of the payout is supported by a solid financial foundation and a strategic focus on sustainable energy projects. Analysts expect Snam to continue its reliable dividend policy in the coming years, making it an interesting option for income-oriented investors.