The Acea shareholders meeting approved the budget 2024 and confirmed a dividend of €0,95 for action. Renewed the Board of Statutory Auditors and appointed a new board member.
Acea, 2024 accounts: net profit at 332 million. Dividend at 0,95 euros
Il balance consolidated closes with a Useful nett of 332 million euros and a ebitda of approximately 1,6 billion euros, up 12% compared to the previous year, thanks above all to the regulated sectors which represent approximately 85% of the total. The investments realized during the year reached 1,439 billion euros, up 26%, with over 90% of this allocated to regulated activities.
It also improves the relationship net debt/ebitda, down to 3,18x, compared to 3,49x at the end of 2023, better than expected (guidance at around 3,4x).
The operating profit of 208,49 million euros will be allocated partly to the legal reserve (5%) and approximately 201,92 million to distribution to shareholders, with a dividend of 0,95 euros per share. The payment is scheduled to start from the 25 June 2025, with detachment date on June 23th and record date on June 24th.
As of the date of approval of the financial statements, Acea holds 416.993 treasury shares.
Governance: Board of Auditors and New Director
The Assembly also has Board of Auditors renewed for the three-year period 2025-2027. The following were elected:
- Giampiero tasco (president), taken from the list presented by Fincal Spa;
- Ines Gandini e Carlo Ravazzin (effective mayors), taken from the list presented by Roma Capitale, the majority shareholder with 51%;
- Roberto Munno e Vito Di Battista (substitute mayors).
At the same time, he was appointed Ferruccio Stay as a new member of the board of directors, on the proposal of Suez International SAS. He will remain in office until the approval of the 2025 financial statements and has been declared independent pursuant to current legislation and the Corporate Governance Code.
Finally, the Assembly approved the first section and voted in favour of the second section of the Remuneration Policy Report and on compensation, as provided for by Article 123-ter of the TUF.
Comments
The CEO of Acea, Fabrizio Palermo, stated: “the growing results achieved in 2024, accompanied by a solid financial structure, strengthen our positioning and allow us to continue the development path supported by investments, particularly in regulated sectors. These results also allow us to distribute a higher dividend than expected in the Industrial Plan, thus continuing to create value for shareholders and all stakeholders”.
“In 2024, we continued our commitment to developing modern and sustainable infrastructures, designed to respond to the concrete needs of citizens and the territories in which we operate,” commented the president. Barbara marinali -. It was a year of significant results that confirm our ability to combine industrial vision and quality of service. Tradition and innovation continue to guide our choices to contribute to the sustainable growth of the country”.
