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Our business is closely involved in people lives.

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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Press Release

APPROVES 2013 FINANCIAL STATEMENTS
APPROVES PAYMENT OF A DIVIDEND OF €0.42 PER SHARE (including interim dividend of €0.25 already paid)
VOTES AGAINST FIRST SECTION OF 2013 REMUNERATION REPORT
REDUCES NUMBER OF MEMBERS OF BOARD OF DIRECTORS FROM NINE TO SEVEN
ELECTS BOARD OF DIRECTORS
ELECTS CATIA TOMASETTI AS CHAIRWOMAN
FIXED REMUNERATION FOR BOARD OF DIRECTORS

Rome, 5 June 2014 – Today’s Annual General Meeting of shareholders (AGM), meeting in first call, has approved the separate financial statements and presented the consolidated financial statements for the year ended 31 December 2013, which reports a net profit, after non-controlling interests, of €141.9m.

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2013

Consolidated EBITDA, totalling €766.1m, is significantly up on the €695.2m of 2012 (up 10.2%), primarily reflecting improvements in operating efficiency at the Parent Company and in all areas of business.

There was also strong growth in EBIT (up 30.6% to €383.8m) and net profit (up 83.3% to €141.9m) .

The Group invested a total of €342.1m in 2013 (€399m in 2012, not including the cost of purchasing the Company’s headquarters premises). The reduction was most pronounced in the Environment and Energy segments following the completion of repowering projects.

Net debt at 31 December 2013, amounting to €2,468.2m, is down €27.3m compared with 31 December 2012 and €68.5m compared with 30 September 2013, confirming the focus on reining in debt and on the management of working capital. The ratio of net debt to EBITDA is down from the 3.6x at the end of 2012 to 3.2x at the end of 2013.

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