Wednesday, Snam S.p.A. (SNM0.F) announced its first-quarter financial result, reporting a 40.5 percent decline in earnings to 292 million euros from last year's 491 million euros.
On an adjusted basis, earnings totaled 375 million euros compared to 406 million euros in the previous year.
Total revenues rose 3 percent, to 999 million euros from 970 million euros in the prior year.
The company noted that the results are well on track to meet the full year 2026 guidance, which expects adjusted net profit of above 1.45 billion euros for the period.
Snam's stock is currently trading at 12.80 euros on the Frankfurt Exchange.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.