Luca Dal Fabbro

Luca Dal Fabbro is executive chairman of Gruppo Iren, the Turin-based multi-utility that operates in water services, electricity distribution, energy and waste management, including waste-to-energy plants.

Role at Iren

As executive chairman, Dal Fabbro steers the group's strategic decisions together with chief executive Gianluca Bufo. On 27 October 2026 Iren's board of directors approved the updated 2035 business plan, a document setting out the group's investment and growth targets for the decade 2026-2035 [1][2].

The 2035 business plan

The plan calls for total investments of €10.4 billion, around half of it earmarked for strategic infrastructure in water services, electricity distribution and waste-to-energy plants [1][2]. It also envisages workforce growth with 2,800 new hires linked to generational and managerial turnover [1]. The plan targets average annual growth of 4% in gross operating margin and 6% in net profit through 2035, with EBITDA expected to reach about €1.95 billion, while regulated and semi-regulated activities will come to account for 80% of the group [1][2]. The dividend policy is confirmed, with annual growth of 8% through 2027 and 6% a year through 2030 [1][2].

Commenting on the plan's approval, Dal Fabbro said: "With the 2035 Business Plan we confirm our ability to combine industrial ambition, sustainable growth and financial discipline, contributing to the development of the country's strategic infrastructure." He added that the group's financial structure, with a net financial debt to EBITDA ratio falling to 2.8 times by the end of the plan, allows it to maintain its current rating levels and offer shareholders "visibility, stability and sustainable long-term returns" [1][2].

Timeline

  • — Iren's board of directors approves the new 2035 business plan, with investments of €10.4 billion and 2,800 new hires. → TorinoOggi ANSA Piemonte

Sources

  1. Iren, ecco il nuovo piano industriale: da qui al 2035 oltre 10 miliardi di investimenti e 2800 assunzioni — TorinoOggi, 27 October 2026
  2. Iren approva il nuovo piano industriale, investimenti per 10,4 miliardi — ANSA Piemonte, 27 October 2026

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