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A2A: the coupon surprises, the title lengthens

The dividend proposed by the Board is 20% higher than that of the previous year – In 2016 net profit of 224 million euros, up sharply compared to the 73 million recorded in 2015 (+151%)

A2A: the coupon surprises, the title lengthens

A2A lengthen the pace in Piazza Affari after the announcement that the proposed coupon will be 20% more than in the previous year, at 0,0492 euro. In the middle of the day, the stock recorded an increase of 2,4%, to 1,45 euro, achieving one of the best performances of the Ftse Mib. The level of the coupon that the Board of Directors will propose to the shareholders' meeting is significantly higher than the expectations of the shareholder municipalities, which indicated a dividend of 0,0475 euros.

Furthermore, A2A closed 2016 with a Net income of 224 million euros, up sharply compared to the 73 million recorded in 2015 (+151%) and beyond the expectations of the Bloomberg consensus at 209-210 million.

I revenues they grew by 3,5% to 5,09 billion, also in this case exceeding analysts' forecasts, while the gross operating margin reached 1,231 billion (+17,5%), the best result since the formation of the group. The net operating result amounted to 456 million (215 million in 2015).

The company had announced on Saturday the first step towards the establishment of a super multi-utility.

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