Investment portfolio > Investments > Services

Listed companies

Gas Natural

Year of investment: 1987

www.gasnatural.com

The Gas Natural Group is one of the ten largest multinational European utilities and a leader in vertical gas and electricity integration in Spain and Latin America. It is also the largest global operator of liquefied natural gas (LNG) in the Atlantic basin. Following the recent merger with Unión Fenosa, Gas Natural operates in 23 countries, serving over 20 million clients (9 million in Spain), and boasting an installed electric capacity of 18 GW.

2005 2006 2007 2008 2009 Jun-10
Note: the featured holdings represent financial holdings.
Holding (%) 35.51% 35.51% 35.53% 37.49% 36.43% 35.69%
Representation on the Board Chairman and 4 Board Members (5 of 17)
Key figures
Financial
figures
2009 2008 Variation
EBITDA (€m) 3,937 2,564 54%
EBIT (€m) 2,448 1,794 36%
Net earnings (€m) 1,195 1,057 13%
Stock market figures 2009 2008 Variation
Market capitalisation (€m) 13,905 8,638 61%
Price per share € (31/12) 15.09 19.29 -22%
Source: Earnings Release 2009. Market capitalisation: Bloomberg

EBITDA 2009
  • Gas distribution Spain (20.0%)
  • Electricity distribution Spain (12.0%)
  • Up&Midstream + Wholesale (16.0%)
  • Spain Generation (22.0%)
  • International (28.0%)
  • Others (2.0%)

Source: Earnings Release 2009.

Net profit (€m)
CAGR: +11.2% | 2006: 855 | 2007: 959 | 2008: 1,057

Source: Earnings Release 2009.

Dividends (€/Share)
2006: 0.98 | 2007: 1.14 | 2008: 1.28

Source: Earnings Release 2009.