Acea Group results:
· Consolidated revenue: 830.2 million euros (up 6.0%)
· EBITDA: 154.2 million euros (up 21.6%)
· EBIT: 86.1 million euros (up 34.5%)
· Net profit: 38.8 million euros (up 17.6%)
Rome, 12 May 2010 – The Board of Directors of ACEA SpA, chaired by Giancarlo Cremonesi, has approved the quarterly report for the three months ended 31 March 2010 (Q1 2010).
The results for Q1 2010 show that the Group is on track to hit its growth targets, with significant improvements in revenue and EBITDA and positive trends for other performance indicators, in line with expectations and the Business Plan.
All areas of business have contributed to the results, with the Energy segment reversing the performance of Q1 2009, when it was particularly hard hit by the global economic crisis.