Press releases

Continued relaunch of investments and organic growth driven by regulated businesses, where the group is particularly strong

  • Capex: €733m (+5% versus 9M 2022), primarily in Water Italy, Grids & Smart Cities and Environment segments (~+5%).
  • EBITDA: €1,006m (recurring EBITDA €992m, +3% versus 9M 2022), 87% from Water Italy, Grids & Smart Cities and Environment segments.
  • Recurring net profit: €208m (+3% versus 9M 2022).
  • Net debt/EBITDA: 3.7x, in line with H1 2023 and with guidance for 2023 (<3.8x). Net debt reflects major investment programme carried out during period.


  • Environment: submission of a “revised proposal” for construction of a new waste-to-energy plant in Rome, confirming the constant commitment to the capital city.
  • Water: focus on investment in infrastructure resilience and, as a result, in quality of service.
  • Grids & Smart Cities: continued focus on operational efficiencies and investment in the upgrade and digitalisation of the grid.

Francesca Menabuoni coopted on to the board as new director

Today’s meeting of the Board of Directors of ACEA, chaired by Barbara Marinali, has approved the interim report for the nine months ended 30 September 2023 (“9M 2023”).

To read more download the attached pdf.


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