IREN SpA - Company Profile
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IREN SpA (IREN) is a multi-utility, which generates and sells electricity and thermal energy; sells gas; collects, selects, recovers, and disposes urban waste; and provides integrated water services, and public lighting, global services, and other services. The company produces power in hydro, thermal and co-generation plants. IREN also provides energy efficiency services, environmental service management and customer management services to its investee companies. It serves customers across the country. The company has treatment, disposal and recovery plants in the Piedmont and Emilia territories and operates offices in La Spezia, Turin, Parma, Genoa, Piacenza, and Vercelli. IREN is headquartered in Reggio Emilia, Emilia-Romagna, Italy.
Headquarters
Italy
Address
Via Nubi Di Magellano, 30, Reggio Nell'Emilia, 42123
Website
www.gruppoiren.it
Telephone
39 0522 2971
No of Employees
10,897
Industry
Power
Ticker Symbol & Exchange
IRE (BIT)
Revenue (2022)
$8.1B
58.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-25.4%
(2022 vs 2021)
Market Cap*
$2.4B
Net Profit Margin (2022)
XYZ
-53.0%
(2022 vs 2021)
* As of and is in US$
IREN SpA premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Street Lighting Services |
| Gas | Traffic Light Management |
| Heat | Heating and Electrical Systems Management in Municipal Buildings |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In September, the company announced its plans to acquire Egea Spa's assets and shareholdings. |
| 2023 | Contracts/Agreements | In June, Iren Green Generation signed an agreement with European Energy for the acquisition of 100% of SPV (special purpose vehicle) - Limes 20 Srl in Noto and Pachino, Sicily. |
| 2023 | Financing Agreements | In April, the company secured a grant of EUR150 million sustainability-linked financing from European Investment Bank to improve integrated water services. |
Competitor Comparison
| Key Parameters | IREN SpA | Enel SpA | A2A SpA | Hera SpA | Acea SpA |
|---|---|---|---|---|---|
| Headquarters | Italy | Italy | Italy | Italy | Italy |
| City | Reggio Nell'Emilia | Rome | Milan | Bologna | Roma |
| State/Province | - | Lazio | Lombardia | - | - |
| No. of Employees | 10,897 | 65,212 | 13,841 | 9,938 | 10,402 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Gianni Vittorio Armani | Chief Executive Officer; Director | Executive Board | 2021 | 57 |
| Moris Ferretti | Deputy Chairman | Executive Board | 2019 | 51 |
| Eugenio Bertolini | Chief Executive Officer - Iren Ambiente | Senior Management | 2020 | 58 |
| Giuseppe Bergesio | Chief Executive Officer - Iren Energia | Senior Management | 2013 | - |
| Gianluca Bufo | Chief Executive Officer - Iren Mercato | Senior Management | 2015 | 50 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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