Price Sensitive Press Release

  • EBITDA €933 million (+11% compared to 2017)
  • EBIT €479 million (+33% compared to 2017)
  • Group net profit €271 million (+50% compared to 2017)
  • Investments €631 million (+19% compared to 2017)
  • Net debt €2,568 million (€2,421 million at 31 December 2017)

Growth in EBITDA exceeds November 2018 guidance figures even without the effect of Gori’s consolidation in the last two months of 2018

Group net profit +50% with respect to 2017

Strong growth in investments focused above all on regulated businesses

Improvement in net financial position with respect to November 2018 guidance

Net financial position to EBITDA ratio stands at 2.8x, with an improvement compared to 2.9x in 2017

Proposed dividend of 0.71 Euro per share, +13% compared to 2017 (payout ratio of 56%, calculated on net profit after minority interests)

2019 guidance: further improvement in results anticipated

  • increase in EBITDA between 5% and 6% compared to 2018
  • growth in investments of over 10% compared to 2018
  • net debt by year-end between €2.85 billion and €2.95 billion
  • New 2019 – 2022 business plan to be presented on 2 April 2019

Rome, 6 March 2019 – ACEA’s Board of Directors, chaired by Michaela Castelli, has approved the draft Financial Statements and consolidated Financial Statements for the period ended 31 December 2018 and the Sustainability Report – consolidated non-financial Statement.

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