That closes the first quarter of 2025 with solid results on all the main economic indicators. consolidated revenues they attest to 1,1 billion euros, up by + 9 % compared to the same period of the previous year. The Gross Operating Margin (EBITDA) reaches the quota 384 million euro, growing by8%, with an incidence of 84% from regulated activities, including water services, electricity networks and public lighting.
The trend of theNet income, which rises to 98 million euro, up by + 19 % in the first quarter of 2024. Growth, net of last year's extraordinary components, is still equal to + 3 %, a sign of a stable and profitable operating dynamic. The investments gross are equal to 262 million euro, up by 6%, 92% of which are concentrated in regulated businesses. net financial position gets slightly worse 5,1 billion euros, with a ratio Net Debt/Ebitda equal to 3,23x, substantially stable.
Infrastructure and public utilities as drivers of growth
The first quarter demonstrates the effectiveness of the Acea model, based on the integrated management of essential public services. The sector water, which alone represents more than half of the Group's EBITDA, benefits from targeted investments and the progress of strategic projects, such as the doubling of the Peschiera aqueduct, on which the positive opinion of environmental compatibility arrived.
In the compartment electric, the work of renewal and digitalization of the network distributed in the Capital continues, while the sector technology records an important industrial milestone with the definitive awarding of the waste-to-energy plant in Rome, which will be built in the industrial area of Santa Palomba.
Energy and production: the lever of prices and renewables
In the sector of energy production, Acea benefits from the favorable context on the wholesale market (PUN +50%): total electricity production rises to 205GWh (+18%), driven by photovoltaic (+51%). Generation EBITDA almost doubles, going from 7,6 to 14,7 million euro.
On the front commercial, Ebitda grows by 16%, supported by the expansion of customers on the free gas market (+23%) and by higher sales margins, despite the drop in electricity volumes (-11%) and customers in the protection regime.
An anniversary in the name of sustainable growth. Guidance confirmed
In the year of his 115 anniversary, Acea thus consolidates its role as a strategic player in the national energy transition. The quarter's growth is part of a coherent industrial plan, focused on investments in resilient infrastructure, development of renewable sources and intelligent network management.
On the ESG front, the group has launched the Green & Blue Financing Framework, has made agreements with the GSE to promote energy efficiency, and has returned to invest even outside national borders, with a memorandum of understanding signed with Metito Utilities for water projects in Africa and the Middle East. Confirmation of guidance for the full year 2025 completes the picture of a healthy utility, which looks to the future with ambition, strong in a long history of public service.
“In the first three months of the year the growth path highlighted in 2024, as shown by the results achieved in the period, to which all our areas of activity contributed" – he declared Fabrizio Palermo, Chief Executive Officer of Acea. – “In the quarter, the Group was particularly committed to developing the regulated businesses on which future growth is focused. The results achieved and the solid financial structure therefore allow us to confirm guidance for 2025".
