We ensure residents receive essential services for their daily life.
At your side in your community
Managing your water services. Distributing energy. Selling electricity and gas. Recycling waste. Our one objective: to create value for the people and the community in which we operate.
Nowadays, innovation is at everyone's fingertips.
Acea sees innovation as the driving force to become more efficient, to raise the quality of life for our customers, to improve services for the residents and the community. Acea has used all this to create a new culture of innovation: an open culture, which everyone can share and take part in.
Our Group serves local communities and their citizens.
We are fully aware of our role of responsibility towards our stakeholders for our major economic, social and environmental impact. This is why our Sustainability Plan is part and parcel of our Business Plan.
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Price Sensitive Press Release
March 10 2014
, CET 12:04
Price sensitive press releases
Board approves separate and Consolidated Financial Statements for 2013, business plan for 2014-2018 and euro medium term note programme
RESULTS FOR 2013: EBITDAup to €766m (up 10.2%), driven by contributions from all four areas of business and the Parent Company. EBIT sees strong growth (up 30.6%), as does net profit (up 83.3%).
Net debt at 31 December 2013 (€2,468m) is down €27m on 2012 and €69m compared with 30 September 2013.
Ratio of net debt to EBITDA down from 3.6x at the end of 2012 to 3.2x at the end of 2013.
Payment of a dividend for 2013 of €0.42 per share (a payout of 63%) will be proposed to the AGM, including the interim dividend of €0.25 already paid.
BUSINESS PLAN FOR 2014-2018 The Business Plan for the period 2014-2018 envisages capex of over €2.4bn. Acea aims to become number three in Italy in the industrial treatment of waste, with 1.5m tonnes treated (including 75% in the Lazio region), investing €246m. In the Energy sector, the Company intends to further improve the quality of the services it provides to customers by investing in technological innovation. The Company also plans to create a major cogeneration facility in the city of Rome. As regards Water, the Plan envisages investment of €1.3bn, with the largest part to be spent on modernising the network, expanding treatment capacity and on the introduction of new technologies. The Group will also invest €642m in Grids in order to modernise the network by adopting smart technology, expand the public lighting network and progressively replace existing lamps with LED lighting.
The Plan forecasts average annual EBITDA growth, in the period 2014-2018, of 5.2% and a ratio of net debt to EBITDA of 2.4x in 2018, maintaining an adequate dividend payout.
The Board has also approved a Euro Medium Term Note Programme of up to €1.5bn, with the aim of further reducing borrowing costs and lengthening the average term to maturity of the Company’s debt.