Press release

Economic and financial solidity confirmed by improved 2024 first quarter results compared to the first quarter 2023

Organic growth in regulated businesses, in line with the group’s business plan

• Capex equal to €247m, focused on regulated businesses
• EBITDA: €357m (recurring EBITDA €360m, +7% versus 1Q2023), driven by the growth in regulated businesses (85% of the Group’s EBITDA) and the Commercial sector, which more than offset the adverse energy scenario
• Net profit €83m (recurring net profit €85m, +17% versus 1Q2023)
• Solid capital structure confirmed: net debt/LTM EBITDA ratio stands at 3.48x (3.49x at 31 December 2023), in line with the guidance

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Today’s meeting of the Acea Board of Directors, chaired by Barbara Marinali, has approved the Interim Report for the three months ended 31 March 2024.

Acea’s Chief Executive Officer, Fabrizio Palermo, commented: “The results for the first quarter of the year show a positive and growing trend compared to the same period of 2023, mainly reflecting the investments carried out in the regulated businesses, with a solid net financial position, consistent with our forecasts. We remain strongly committed to the implementation of the business plan with expected results in line with the guidance announced to the market.”

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