Press release

Organic growth in regulated businesses continues through effective management and the development of infrastructure projects to consolidate and strengthen the Acea Group’s leadership in Italy

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• Investments: €568m (+4% versus 1H2023), focused on regulated businesses (representing ~90% of total)
• EBITDA: €729m, +9% versus 1H2023 (recurring EBITDA €720m, +7% versus 1H2023), driven by the growth in regulated businesses (86% of Group EBITDA) and by the Commercial segment, which more than offset the adverse energy scenario
• Net profit €172m, +21% versus 1H2023 (recurring net profit €168m, +18% versus 1H2023)
• NFP/LTM EBITDA ratio equal to 3.54x (3.49x at 31 December 2023), in line with guidance, confirming the sound financial structure

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• Water: activities continue with a view to enhancing the level of service offered and selective growth in Italy through partnership agreements also aimed at tender participation, guaranteeing efficient infrastructures for the protection of resources and for the benefit of the country.
• Electricity: investments in the upgrade and digitalisation of the grid for an increasingly advanced management of electricity infrastructures with a view to providing an even more efficient service for residents. The growth continues in renewable energy, supporting the energy transition.
• Environment: a bid has been submitted in relation to the tender called for the construction of Rome’s new waste-to-energy plant, an opportunity for the Acea Group to consolidate and strengthen its leadership in the business of waste valorisation in Central Italy.

Today’s meeting of the Board of Directors of Acea, chaired by Barbara Marinali, has approved the Interim Report for the six months ended 30 June 2024.

Acea’s Chief Executive Officer, Fabrizio Palermo, commented: “the consolidated results of the first half of the year show a growth driven by the regulated businesses and the commercial sector, with a financial structure that remains solid and in line with the targets communicated to the market. Investments have continued in recent months, implementing our Industrial Plan and the NRRP projects, as well as the initiatives for the development of our businesses, particularly in the water sector, through industrial agreements and partnerships, in Italy and abroad: the objective is the required infrastructural acceleration of which we are promoters. For the second part of the year we expect results in line with the growing trend recorded in the first six months of 2024, and we also confidently await the outcome of the tender for the construction of the WTE in Rome for which we have submitted an offer in the month of May”.

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