Acea Group results:
Consolidated revenue: 3,599.7 million euros (up 22.0%)
EBITDA: 666.5 million euros (up 18.8%)
EBIT: 317.9 million euros (up 71.7%)
Adjusted Net profit: 136.2 million euros (a loss of 47.0 million euros in 2009)
Net profit: 92.1 million euros (a loss of 52.6 million euros in 2009)
Ordinary dividend of 0.281 euros per share to be proposed to Annual General Meeting (a payout ratio of 65%, in line with the Company’s dividend policy), in addition to a special dividend of 0.169 euros per share, making a total of 0.450 euros per share
Rome, 23 March 2011 – Today’s meeting of the Board of Directors of ACEA SpA, chaired by Giancarlo Cremonesi, has approved the separate and consolidated financial statements for the year ended 31 December 2010, and the Report on Corporate Governance and the Ownership Structure.
The Board has also fixed the date of the Annual General Meeting (AGM), to be held in first call on 29 April 2011 and in second call on 30 April 2011, to approve the financial statements.
The Group reports a net profit of 136.2 million euros for 2010, before minority interest and the fair value loss on discontinued operations, and of 92.1 million euros after these items. This reflects a positive operating performance in a year marked by particularly challenging macroeconomic and business environments. Key performance indicators saw double-digit growth, with EBITDA rising 18.8% and EBIT up 71.7%. All areas of the business contributed to the improvement, as did the steps taken by management during the year to boost operating and financial efficiency.