Consumers
Madrileña Red de Gas has exceeded the number of 908,000 supply points in this year, of which 885,000 are of natural gas. More than 15,000 new supply points have been created in the residential market and more than 500 in the large consumption market.
Km of network
The consolidation and expansion of the company during this year is reflected in the growth of its distribution network, which has been extended by more than 300 kilometres.
RMS
Most of our regulation and metering stations (RMS) are remotely controlled from the control centre.
Municipalities
MRG distributes natural gas in more than 60 Madrid municipalities. The distribution network has been expanded in 2019 to include another two municipalities of the Madrid Community: Casarrubuelos and Moralzarzal. Their more than 16,000 neighbours, among domestic users, businesses, and companies, will benefit from the transforming of their installation to natural gas.
Employees
MRG is formed by 125 employees. In this year, seven new professionals have joined the MRG team, which represents 6% of the total headcount. 57% of these new hires are women.
Note: Employees in the partial retirement scheme have not been included in the final figure.
Revenue (M€)
The revenue in 2019 has remained stable, with a 3% increase regarding 2018. The remuneration for the activity of distributing natural gas has been the highest, but there has been a drop in the income from LPG, due to its slow conversion to natural gas.
Cash Flow (M€)
The cash flow has remained in line with the previous year when it reached 116.5 million Euros. The larger investment in cash flow is due to the end of year position of settlements with the system.
EBITDA (M€)
The EBITDA has increased by 3% regarding the results of the year 2018. This improvement is due to the increase of income and to the reduction of costs because of operations efficiency.