Acea: board approves Results for Q1 2012PDF , 248kb
Consolidated revenue: 873.8 million euros (up 5.2%)
EBITDA: 157.9 million euros (up 11.7%)
EBIT: 71.5 million euros (up 11.2%)
Group net profit: 22.4 million euros (33.0 million euros in Q1 2011)
Rome, 11 May 2012 – The Board of Directors of ACEA SpA, chaired by Giancarlo Cremonesi, has approved the quarterly report for the three months ended 31 March 2012 (Q1 2012).
The results, which all show an improvement with respect to Q1 2012 thanks to the overall contribution from the four areas of business, in addition to close attention to operating costs, are in line with the targets set out in the Business Plan for the period 2012-2016.
The reduction in net profit is due essentially to increased tax expense.
The figures for Q1 2011 included the joint venture with GdF Suez Energia Italia, the unwinding of which was completed on 31 March 2011.
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