Press Release

The Annual General Meeting of ACEA SpA’s shareholders (“AGM”), in extraordinary and ordinary sessions, was held in first call today. The AGM:

• approved the separate and consolidated financial statements for the year ended 31 December 2022, which record a net profit €280m and EBITDA of €1.3bn
• deliberated on the allocation of net income for 2022
• elected the new Board of Directors

Despite the challenging scenario in 2022, the ACEA Group confirmed its financial and business solidity, recording a positive operating performance. The resulting growth has enabled ACEA to maintain the same level of dividend as last year at €0.85 per share, as approved by today’s AGM.

The AGM also appointed the new Board of Directors, which has added new high profile expertise that will allow the Group to respond to the major strategic challenges that the Company will face over the next three years.

ACEA’s Chairwoman, Barbara Marinali, said: “It is with a great sense of responsibility that I accept my re-appointment as Chairwoman and wish the new Board of Directors all the best as they work closely as a team to deliver on the significant objectives that the Company has set itself.”

ACEA’s CEO, Fabrizio Palermo, said: “The results achieved in 2022, in part thanks to the significant action taken in the closing months of the year to reduce costs, improve operational efficiency and boost margins, confirm the Company’s solidity and its capability to respond to the major industrial challenges we will face in the coming years. I am confident that ACEA has laid the foundations on which to create increasing value for all our stakeholders in the next three years.”

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