Financial highlights

 

  • Consolidated revenue:

1,790.3 million euros up 6.0%

  • EBITDA:

370.4 million euros up 15.5%

  • EBIT:

186.6 million euros up 30.7%

  • Group net profit (before non-controlling interests):

77.0 million euros up 101.0%

Rome, 31 July 2013 – The Board of Directors of ACEA SpA, chaired by Giancarlo Cremonesi, has approved the 
interim report for the six months ended 30 June 2013 (H1 2013).

FINANCIAL HIGHLIGHTS


(€m)

H1 2012

H1 2013

% inc./(dec.)

Consolidated revenue

1,688.9

1,790.3

+6.0%

EBITDA

320.7

370.4

+15.5%

EBIT

142.8

186.6

+30.7%

Profit/(Loss) before tax

80.1

144.5

+80.4%

Group net profit/(loss) (before non-controlling interests)

38.3

77.0

+101.0%

Group net profit/(loss) (after non-controlling interests)

34.1

70.6

+107.0%

The above amounts do not take account of the reclassifications required by IFRS 5 and therefore include the H1 2012 results of the photovoltaic unit sold at the end of 2012.

 

(€m)

H1 2012

H1 2013

% inc./(dec.)

Investment

185.9*

165.8

-10.8%.

(*) This figure does not include the cost of purchasing the Group’s headquarters premises, amounting to approximately 113 million euros.

 

(€m)

30 June 2012
(restated)**

30 June 2013

% inc./(dec.)

Net debt

2,566.0

2,479.1

-3.4%

Equity

1,326.6

1,375.5

+3.7%

Invested capital

3,892.6

3,854.6

-1.0%

(**) Entry into effect of amendments to IAS 19.

“The first-half results for this year confirm the positive trend already seen in previous periods,” commented Acea’s Chairman, Giancarlo Cremonesi, “thanks to effective management of the Group’s operations and finances, its strategic positioning and the strength of our portfolio of businesses”.

“Even more important,” stressed Paolo Gallo, Acea’s CEO, “is the positive financial performance during the first half under review, enabling us to stabilise net debt under market conditions that remain difficult. All areas of business report sound operating performances, reflecting improved margins and the achievement of further cost savings.”