Price Sensitive Press Release

INFRASTRUCTURE INVESTMENTS TOTALLING 3 BILLION EURO
EBITDA IN 2020 TO EXCEED ONE BILLION EURO 

MONITORING OF GROUP NET DEBT AND 
GROWTH IN DIVIDENDS WITH PAY-OUT CONSTANTLY ABOVE 50%

Within the rapidly changing scenario of all industrial sectors in which the Group operates, Acea has identified the foundations and strategic objectives on which to base its growth path via the 2018-2022 business Plan. A Plan characterised by strong discontinuity, providing for a marked increase in infrastructure investments as regards both the water and the electricity sector.   

Plan targets 

  • Infrastructure investments totalling 3 billion Euro, of which 400 million Euro in connection with technological innovation projects
  • Average 6% annual growth in EBITDA, reaching 1 billion Euro in 2020 and exceeding 1.1 billion Euro by 2022
  • Increase in dividends: 0.7 billion Euro distributable throughout the Plan period, with pay-out constantly above 50%
  • Monitoring of Group net debt, with reduction of NFP/EBITDA ratio to 2.8x in 2022
  • Performance Improvement to support growth through operational efficiency with savings in terms of costs and investments amounting to 300 million Euro over the Plan period

To read more download the attached pdf