The shareholders' meeting of That approved the budget as of 31 December 2023. TheNet income is 294 million euros while theEbitda grew 7% to 1.391 million, with the majority (87%) coming from regulated sectors. The investments they reached 1.143 million euros, with an increase of 9%, of which approximately 88% was allocated to regulated activities. During the meeting, the methods for using the 2023 financial year profit were also decided and a new board member was appointed.
Dividend of 0,88 euros per share is on the way
The Ordinary Assembly, upon proposal of the Board of Directors, approved a dividend total of 187.042.158,16 euros, corresponding to € 0,88 per share, representing an increase of 4% compared to 2022. The overall dividend (coupon number 25) will be paid starting from 26 June 2024, with ex-dividend date on 24 June and record date on 25 June. At the date of approval of the financial statements, own shares amounted to 416.993.
Allocation of 2023 profit
The Ordinary Assembly decided to allocate the profit for the financial year ended 31 December 2023, equal to 202.961.039,38 euros, as follows:
- 10.148.051,97 euros, corresponding to 5% of the profit, to the legal reserve;
- 187.042.158,16 euros to shareholders, with a unit dividend of 0,88 euros;
- 5.770.829,25 euros new.
New appointment to the Board of Directors
The Shareholders' Meeting, on the proposal of Suez International SA, then named Yves Rannou like New Director of the Board. His mandate will last until the expiry of the current Council, i.e. until the approval of the Budget as of 31 December 2025.
“In 2023 the Group achieved solid and growing economic results thanks to the investments made, mainly focused on regulated businesses, operational and management efficiency, while maintaining adequate financial discipline. These results not only allowed the dividend approved today by the Assembly to be revised upwards compared to last year, but also represent a concrete basis for implementing the strategic objectives of the industrial plan recently presented to the market" declared the CEO of That, Fabrizio Palermo.
“In 2023, the commitment to the development and construction of safe and sustainable infrastructures aimed at satisfying the needs of citizens continued, which the Group has always placed at the center of its work to guarantee a quality public service in the territories in which it operates. The objective is to combine tradition and innovation in management, making use of cutting-edge technologies that will allow us to consolidate operational excellence and carry out important works serving the country" commented the president of Acea, Barbara Marinali.
