Press releases

Sound growth backed by large investments for the sustainable development in the reference territories
2024 guidance: EBITDA revised upwards and NFP/EBITDA ratio improved

***

• Capex: €952m (+22% versus 9M2023), focused on regulated businesses (representing 91% of total)
• EBITDA: €1,161m, +15% versus 9M2023 (recurring EBITDA €1,130m, +12%), mainly driven by the growth in regulated businesses (86% of Group EBITDA), which more than offset the adverse energy scenario
• Net profit €285m, +36% versus 9M2023 (recurring net profit €274m, +31%)
• NFP/LTM EBITDA ratio equal to 3.39x, with an improvement compared to 3.49x at 31 December 2023 and 3.54x at 30 June 2024
• Based on the strong results achieved during the first nine months of the year, the 2024 EBITDA guidance has been upwards revised (+7%/+9% versus 2023) and the Net Debt/EBITDA ratio improved to ~3.4x

***

• Water: the growth continues in the reference business with the entry into a new region, Sicily, and the construction of strategic infrastructures for the country’s development.
• Electricity: acceleration of the electricity distribution network investment programme to support an ever-increasing resilience and flexibility of medium and low voltage infrastructure and the electrification of consumptions, in order to promote the energy transition and respond to the growing energy demand.
• Environment: Acea continues to pursue its commitment in the waste valorisation in the reference territories with innovative projects.

Today’s meeting of Acea’s Board of Directors, chaired by Barbara Marinali, approved the interim report for the nine months ended 30 September 2024.

Acea’s CEO, Fabrizio Palermo, commented: “The nine-month financial results confirm the Group’s strong growth, which allows us to revise upwards our 2024 EBITDA guidance. This growth has also had a positive impact on financial leverage, which is expected to show an improvement compared to 2023. During the period we also recorded an increase in operating efficiency as regards all business areas and a further development of the water segment, our reference sector, following our entry into Sicily and the consolidation of our presence in Perù; moreover, we have proceeded with the implementation of the investment plan to which the Group will continue to be committed.”

To read more download the attached pdf.