Naturgy exceeds 2 billion in profits, advances Reynés' renewal to 2030 and remakes the Board
Naturgy reports record profits exceeding 2 billion euros and announces a major reshuffle in its Board and leadership ahead of schedule.
Naturgy, a leading energy company, reported a remarkable performance in 2023, achieving nearly 2 billion euros in profit, representing a 6% increase compared to 2024 projections. The company's president, Francisco Reynés, expressed pride in this success, stating, 'One of the best results in our history, and we will not hide from it.' Alongside this financial triumph, Naturgy has taken significant steps to strengthen its governance by advancing Reynés' term renewal to 2030 and restructuring its Board to better align with its major investors.
The company has not only excelled in profitability but also in strategic investments, which exceeded 2.1 billion euros. Their financial health remains robust with stable debt levels and liquidity nearing 10 billion euros, enabling them to reward shareholders with substantial dividends. The upcoming General Shareholders' Meeting has been scheduled for March 24, where the company will present its strategic direction amid these strong financial results.
This proactive approach by Naturgy highlights its commitment to enhancing corporate governance and ensuring stability amidst a competitive energy market. The planned leadership changes and financial achievements will position the company favorably for future growth, especially as energy demands evolve and sustainability becomes increasingly crucial in the sector.