Third quarter of 2011 negative for A2A. In fact, the Milan and Brescia utility recorded a profit of 114 billion euros, down on the 436 million obtained in the same period last year. The main causes of this deterioration can be identified in the different capital gains generated in the first half of 2010 with the sale of Alpiq and in 2011 with the sale of Metroweb, as well as in the result of Transalpina di Energia. Revenues, equal to 4.351 million euros , are instead up by over 310 million mainly thanks to the consolidation of the subsidiary Epcg.
The gross operating margin, amounting to 659 million euros, showed a contraction of 2,9% and remained substantially in line with the previous year. The net financial position amounted to 3,9 billion euros, with an increase of 42 million euros compared to December 2010, but a decrease of 349 million euros compared to September 2010.
Electricity sold on the wholesale and retail markets (net of the contribution of the Montenegrin subsidiary Epcg) showed an increase of 9% compared to the same period of 2010. Sales of methane gas to wholesale and retail customers decreased ( 2.575 million cubic meters, -10%) and heat sales (1.816 thermal GWh, -4%), mainly due to the unfavorable climatic trend. The volumes of electricity distributed (8.615 GWh) show an increase of 1,7% compared to the same period last year, while the volumes of water distributed (51 million cubic metres) are in line with the first nine months of 2010. The supply points of the gas distribution network taken as reference by the AEEG for the determination of the permitted revenues amount to 1.255.821, unchanged in comparison with the previous year.
