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    NTGY   ES0116870314

NATURGY ENERGY GROUP, S.A.

(NTGY)
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Naturgy Unveils Strategy for 2021-25 -- Update

07/28/2021 | 07:24am EDT

By Giulia Petroni

Naturgy Energy Group SA on Wednesday unveiled its strategic plan for 2021-25, including a boost to renewables investments as part of its gradual shift toward cleaner forms of energy.

The Spanish utility company said it targets total capital expenditure of 14 billion euros ($16.5 billion) over the period. This includes EUR8.7 billion for renewables--largely to developing projects, grids and new businesses such as hydrogen--and EUR4.1 billion for gas and electricity distribution networks, mainly in Spain.

It also plans to increase its installed renewable capacity to reach 14 gigawatts by 2025 from 4.6 gigawatts in 2020.

Ordinary earnings before interest, taxes, depreciation and amortization are expected to amount to EUR4.8 billion in 2025 from EUR3.7 billion in 2020, with a compound annual growth rate of 5.1%.

Ordinary net income is targeted at EUR1.5 billion in 2025 from EUR900 million in 2020, according to the company.

Naturgy added that it targets a dividend of EUR1.20 a share per year, which represents an average payout of 85% for the period, with a capital allocation of around EUR20 billion over 2021-25. The dividend policy will be reassessed in 2023.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

07-28-21 0924ET

Stocks mentioned in the article
ChangeLast1st jan.
NATURGY ENERGY GROUP, S.A. -0.14% 21.47 Delayed Quote.13.40%
All news about NATURGY ENERGY GROUP, S.A.
09/14Tackling soaring energy bills, Spain to cap gas price, utilities' profits
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09/09NATURGY ENERGY S A : Spanish Securities Regulator Sets Naturgy Energy Takeover Acceptance ..
MT
09/08CAIXABANK S A : IFM receives approval from Spanish supervisor to buy 22.7% of Naturgy
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09/08ALANTRA PARTNERS S A : Spain's supervisor approves IFM's bid to buy 23% of Naturgy
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08/10NATURGY ENERGY S A : S&P Lifts Naturgy's Outlook to Stable Following Strategic Plan
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08/03NATURGY ENERGY S A : Spain Greenlights IFM Global's $5.82 BillionTakeover Bid For Naturgy
MT
08/02NATURGY ENERGY S A : IFM Reduces Takeover Offer Price for Naturgy Energy Following Dividen..
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08/02NATURGY ENERGY GROUP, S.A. : Ex-dividend day for interim dividend
FA
07/28NATURGY ENERGY S A : presents its strategic plan for the period to 2025 with investments o..
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07/28NATURGY ENERGY S A : 1H21 Results
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More news
Analyst Recommendations on NATURGY ENERGY GROUP, S.A.
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Financials
Sales 2021 17 633 M 20 685 M 20 685 M
Net income 2021 1 285 M 1 508 M 1 508 M
Net Debt 2021 11 944 M 14 011 M 14 011 M
P/E ratio 2021 16,2x
Yield 2021 5,59%
Capitalization 20 660 M 24 209 M 24 236 M
EV / Sales 2021 1,85x
EV / Sales 2022 1,79x
Nbr of Employees 8 552
Free-Float 27,7%
Chart NATURGY ENERGY GROUP, S.A.
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Naturgy Energy Group, S.A. Technical Analysis Chart | NTGY | ES0116870314 | MarketScreener
Technical analysis trends NATURGY ENERGY GROUP, S.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 21,50 €
Average target price 22,03 €
Spread / Average Target 2,48%
EPS Revisions
Managers and Directors
Francisco Miguel ReynÚs Massanet Chairman & Chief Executive Officer
Carlos Ayuso Salinas Director-Internal Audit, Compliance & Control
Ramˇn Adell Ramˇn Independent Director
Francisco Belil Creixell Independent Director
Helena Herrero Starkie Independent Director
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