Gas Plus S.p.A. reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of EUR 81.937 million compared to EUR 117.816 million a year ago. EBITDA was EUR 22.231 million compared to EUR 24.092 million a year ago. EBIT was EUR 16.421 million compared to EUR 18.275 million a year ago. Pre-tax profit was EUR 12.673 million compared to EUR 13.956 million a year ago. Net profit attributable to group was EUR 6.433 million compared to EUR 8.228 million a year ago. Cash flow from operating activities were EUR 23.742 million compared to EUR 37.372 million a year ago. Investments in intangible/tangible assets, net of disposals were of EUR 1.413 million compared to EUR 2.605 million a year ago. Net financial debt was EUR 126.9 million compared to EUR 150.5 million at December 31, 2012.

Gas Plus S.p.A. reported preliminary unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012 and parent earnings results for the year ended December 31, 2012. For the year, on consolidated basis, the company reported total revenues of €267,447,000 against €665,217,000 a year ago. Operating result was €43,958,000 against €16,052,000 a year ago. Pre-tax result was €28,802,000 against €381,000 a year ago. Net result attributable to group was €16,378,000 or €0.38 per basic and diluted share against net loss attributable to group of €5,659,000 or €0.13 per basic and diluted share a year ago. Net cash flows from operating activities were €79,446,000 against €35,915,000 a year ago. Purchase of tangible and intangible assets was €14,048,000 against €13,725,000 a year ago. EBITDA achieved €73.1 million against €39.8 million in 2011, up 83%. The strong improvement is mainly attributable to the increasing marginality of the B.U. E&P (Exploration & Production), whose EBITDA has recorded €63.4 million against €56.2 million of 2011 and to the Commercial Gas Area performance, that achieved a positive results of €4.6 million (at a consolidated level) against a negative result in the previous year of €23.0 million. EBIT has recorded a relevant increase moving from €14.4 million in 2011 to €43.4 million in 2012. Earning before taxes has moved from a substantial break-even in 2011 to a positive result amounting to €28.8 million in 2012. Consolidated net debt as at December 31, 2012, equal to €150.5 million against €212.9 million to the cash generation and working capital reduction. For the year, on parent basic, the company reported total revenues of €6,551,477 against €6,575,407 a year ago. Operating profit was €3,935,479 against €1,951,674 a year ago. Pre-tax loss was €1,722,443 against €1,652,809 a year ago. Net profit for the year was €2,267,172 against €745,211 a year ago. Basic and diluted warnings per share were €0.05 against €0.02 a year ago. Net cash flows from operating activities were €7,234,157 against €2,386,379 a year ago. Purchase of tangible assets was €77,497 against €179,117 a year ago. Purchase of intangible assets was €66,960 against €132,691 a year ago. For the quarter, on consolidated basis, the company reported EBITDA amounting to €22.8 million, increase of 17.2% against fourth quarter of 2011, and EBIT amounting to €11.3 million, decreasing from €12.9 million of fourth quarter of 2011 due to the higher exploration investments sustained in the period. Net result was €4.6 million against €4.5 million a year ago. The positive trend of the main group business unit, E&P, even with positive economic results, will be influenced in the short term by a reduction of the commodity gas prices and a further reduction, even if smaller, of the production levels, while starting form 2014, assuming the same oil and gas price scenario, the effects of the production of new gas-in and of improvements of the producing fields should positively impact results. The contribution of the other Business Units will remain positive with margins of improvements. The board of directors will propose to shareholders meeting scheduled for April 30, 2013, the payout of an ordinary dividend, gross of legal withholdings, of 22 cents per share against no dividend was paid in 2011, ex-date of May 27, record date of May 29, and payment date from May 30, 2013.

Gas Plus S.p.A. announced that they will report fiscal year 2012 results on Mar 22, 2013