Press Release

• Revenue €1,193m (up 28% versus Q1 2021)
• EBITDA €318m (up 2% versus Q1 2021)
• EBIT €154m (down 1% versus Q1 2021)
• Group net profit €99m (up 20% versus Q1 2021, mainly reflecting the impact of deconsolidation of photovoltaic companies)
• Capex[1] €222m (down 3% versus Q1 2021)
• Net debt €3,890m (€3,988m at 31 December 2021)

2022 guidance confirmed:

• EBITDA growth of between 2% and 4% versus 2021
• capex broadly in line with 2021
• net debt within range of €4.2bn and €4.3bn

On 26 April 2022, ARERA approved Resolution 183/2022 setting out, for the first time, the incentive mechanism for technical quality in the integrated water service for the years 2018 and 2019. The water companies fully consolidated in the Acea Group are eligible for rewards totalling approximately €26m

The Board of Directors of Acea, chaired by Michaela Castelli, has approved the interim report for the three months ended 31 March 2022 (“Q1 2022”).

To read more download the attached pdf.

[1] Net of grant-funded investment