Press Release

• Revenue €3,379m (up 6% versus 2019)
• EBITDA €1,155m (up 11% versus 2019)
• EBIT €535m (up 2% versus 2019)
• Group net profit €285m (up 0.4% versus 2019)
• Capex € 907m (up 14% versus 2019)
• Net debt €3,528m (€3,063m at 31 December 2019)

Sustainability at the heart of the Group’s strategy
Significant organic EBITDA growth, ahead of guidance
Net debt in line with guidance, despite consolidation of SII Terni
Proposed dividend: €0.80 per share, 2.6% higher than 2019 (payout 60%, based on net profit after non-controlling interests)

Guidance for 2021: further growth expected

• EBITDA growth of between 6% and 8% versus 2020
• capex of approximately €900m
• net debt within range of €3.85bn to €3.95bn

The Board of Directors of Acea, chaired by Michaela Castelli, has approved the separate and consolidated financial statements for the year ended 31 December 2020 and the Sustainability Report – Consolidated Non-financial Statement for 2020.

To read more download the attached pdf.