Press Release

Solid operating performance, growing investments with enhanced financial discipline

  • Increase in Capex with focus on Water business: €247m, up 11% versus Q1 2022
  • EBITDA growth driven by regulated businesses (86% of total) and Commercial segment: €336m, up 6% versus Q1 2022
  • Net profit in line with expectations at €73m
  • Strengthened capital structure with positive performance of working capital: net debt to EBITDA LTM stands at 3.3x, down from 3.4x at 31 December 2022

Today’s meeting of the Board of Directors of Acea, chaired by Barbara Marinali, has approved the interim report for the three months ended 31 March 2023 (“Q1 2023”).

Acea’s CEO, Fabrizio Palermo, said: “The results for the first quarter of the year show a positive performance, achieved in part thanks to the material actions taken from the closing months of 2022 which enabled us to improve the Group’s operating and industrial performance and consolidate its capital structure. As such we can confirm the guidance provided for 2023.”

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