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A2A: debt falls, shares rise

The Brescia-based multiservice closes the first nine months of the year with stable profits and declining revenues, but Ebitda exceeds analysts' expectations – the stock is good, among the best on the Italian stock exchange.

A2A: debt falls, shares rise

The first nine months of 2014 are archived A2A, which closed with a group net profit of 159 million euros, unchanged compared to the same period last year, while revenues showed a contraction of 11% on an annual basis to 3,632 billion. Ebitda, on the other hand, stands at 783 million, down 6,7%, but beyond the expectations of analysts, who expected a sharper drop, to 764 million.

Furthermore, in the first nine months of the year, the Brescia-based multiservice company recorded positive net cash generation of 408 million euro. Finally, net financial debt fell to 3,466 billion from 3,5 billion in June this year. The data is better than the expectations of analysts, who expected a zero change in the data. 

After the publication of the results, the A2A stock began to advance in Piazza Affari, recording a rise of just under 2% on the Stock Exchange in the mid-afternoon and signaling itself as one of the best stocks on the Italian list, which in the same minutes travels in slightly negative. 

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