These quarterly results are in line with guidance for the year
Demand for natural gas transmitted in the system rose by 1.4%
Enagás reported net profit of €86.7Mn in the first quarter of 2012, a 0.8% increase on the figure of €86Mn posted in 1Q11. This figure is in line with the target for FY2012, according to which Enagás expects to maintain a similar net profit to the 2011 figure.
EBITDA totalled €214.2Mn at 31 March 2012, 4% higher than the previous year’s first quarter figure of €205.9Mn.
Like-for-like operating costs inched up by just 2.3%, as a result of the company continuing to intensify its Efficiency Plan and implementing rigorous cost containment.