Italy's Snam reports 5.3% rise in H1 core profit, confirms 2025 guidance

(Reuters) -Italy's gas grid group Snam said on Wednesday its adjusted core earnings rose 5.3% in the first half, driven by growth in its gas infrastructure business, while confirming its full year guidance.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 1,492 million euros ($1.71 billion) in the period, and adjusted net profit rose by 8.5% year-on-year at 750 million euros.

($1 = 0.8703 euros)

(Reporting by Laura Contemori in Gdansk; editing by Matt Scuffham)