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ISIN code: IT0001207098
Sector: Utilities
Industry: Power plants
Le actions of Acea are listed on the FTSE Mib of Milan with the ticker ACE.
Look at the history of the quotation of the share on the Milan Stock Exchange
Company Description
Acea SpA (acronym for Azienda Comunale Energia e Ambiente) is an Italian multi-service company which operates in the management and development of networks and services in the water, energy and environmental sectors. Acea, through the companies of the group, deals with the integrated water service, production and distribution of electricity (including public and artistic lighting), sale of energy and gas, waste treatment.
The activities are divided into six business areas: water, environment, commercial and trading, energy infrastructure, engineering and services and overseas operations.
It operates mainly in central Italy in Lazio, Tuscany, Umbria, Campania and Molise. Abroad it is present in Latin America. It has 7.650 employees.
In the water sector it is the main Italian operator with a catchment area of about 9 million inhabitants.
Acea owns approximately 58.700 km of water network, 7 hydroelectric plants, 2 thermoelectric plants, 2 waste-to-energy plants and 1 plastic treatment plant.
Acea is listed on the Milan Stock Exchange in the FTSE Italia Mid Cap index. The company is controlled by Roma Capitale which holds the majority and 51% of the share capital. Other important investments are Suez Sa with 23,3% and Francesco Gaetano Caltagirone with 5,5%.
20,2% of the capital is given by the stock market.
The shareholders is composed as follows:
- Capital Rome, 51%
- Suez SA, 23,3%
- Market, 20,2%
- Caltagirone Francesco Gaetano, 5,5%
Turnover in 2020 was 3.379 million euros with a net profit of 285 million.
Economic and financial analysis of the company
The origin of Acea takes place in 1909, when it was born the AEM, the Municipal Electric Company of the Municipality of Rome, with the aim of supplying energy for public and private lighting.
In 1912 he inaugurated the first electrical production plant, the Giovanni Montemartini thermoelectric plant in the Ostiense district.
In 1926 it changed its name to Aeg, Electricity Company of the Governorate of Rome.
In September 1937 the Governorate of Rome entrusted Aeg with the management of the municipal aqueducts, the construction and management of the Peschiera aqueduct. The name is changed to Agea, Governmental electricity and water company.
On 8 May 1940 the Salisano hydroelectric plant built in a cave along the route of the Peschiera aqueduct.
At the end of the war, with the return to the municipal administration, it changed its name to Acea (Municipal Electricity and Water Company).
In 1953 the Capitoline Council approved the Acea plan for electrical self-sufficiency and for improving the city's water system. The plan envisaged new power stations and electrical receivers, water centres, completion of the Peschiera aqueduct and construction of other aqueducts. For the 1960 Olympics, Acea modernized the public lighting systems in Rome.
In 1962 Acea obtained the management of theMarcius aqueduct, as the concession to Acqua Pia Antica Marcia has expired.
In September 1976, the Acea plan for the sanitation and street lighting of the Roman villages was approved.
In 1979 thePeschiera-Capore aqueduct, one of the largest in Europe.
In the eighties he obtained the management of waste water purification and public lighting in Rome and the Tor di Valle cogeneration plant which produces thermal energy.
In 1989 Acea changed its name to the municipal energy and environment company.
In the nineties it was transformed into a Special Company in 1992 and into a SpA in 1998.
On 19 July 1999 it was listed on the Milan Stock Exchange.
In 2000, Acea entered the foreign market with the construction and concession of a water plant in Lima.
In 2001 acquires the Enel electricity distribution network in Rome.
Between 2001 and 2003 he was awarded the management of various water services in Campania, Tuscany and Lazio.
In 2017, the new 2018-2022 business plan was presented. The new plan provides for a strong boost to infrastructural investments in both the water and electricity sectors with particular attention to sustainable development for the environment and people. A restyling of the logo is also implemented.
On January 12, 2018, a agreement between Acea and Open Fiber for the development of an ultra broadband communication network in the city of Rome.
In 2019 the company enters the gas distribution sector. On 10 July 2019, Acea obtained the renewal of the concession, until 2031, for the management of the Peschiera aqueduct.
The 2020-2024 business plan, presented in October 2020, envisages the distribution of dividends for 860 million euros, which can be distributed over the period of the plan. The 2020 dividend was 0,80 euro per share (with a payout of 60%), equal to the minimum envisaged in the business plan.
Acea Group companies and investees:
Water companies:
- Acea Ato 2: 96%
- Acea Ato 5: 98%
- Sarnese Vesuviano: 99%
- Goris: 37%
- Acea Molise: 100%
- Umbriadue Water Services: 99%
- Integrated Water Service: 40%
- Umbrian Waters: 40%
- Shadow: 99%
- Fiora aqueduct: 40%
- Blue Waters – Lower Arno: 77%
- Waters: 45%
- Florentine Blue Waters: 75%
- Publiacqua: 40%
- GESE: 58%
- GEAL: 48%
- Entente Aretina: 35%
- New Waters: 46%
- Pescara Gas Distribution: 51%
- Alto Sangro Gas Distribution: 51%
- Notaresco Gas: 55%
Commercial Companies:
- Acea Energia: 100%
- Umbria Energy: 50%
- Acea Innovation: 100%
- EDI: 100%
- Acea Energy Management: 100%
Energy Infrastructure Company:
- Areti: 100%
- Acea Production: 100%
- Ecogenic: 100%
- Acea Solar: 100%
- Fergas: 100%
- Acea Sun Capital: 100%
- KT4: 100%
- Solaria Real Estate: 65%
- Trinovolt: 100%
- Solar brands: 100%
- Euroline3: 100%
- IFV Energy: 100%
- HP Power of Future: 100%
- Energy: 49%
- Belaria: 49%
Environmental Societies:
- Acea Ambiente: 100%
- Bioecology 100%
- Demap: 90%
- ISECO: 80%
- Mountain: 60%
- Cavalry: 60%
- Multigreens: 60%
- Ferrocarts: 60%
- Aquaser: 88%
- Ecomed: 50%
- Industrial waters: 51%
Engineering and services company:
- Acea Processes: 100%
- Simam: 70%
- Technologies Water Services: 100%
- Tuscan engineers: 44%
Foreign companies:
- Acea International 100%
- Dominican Acea: 100%
- San Pedro waters: 61%
- Blue Water Consortium: 44%
- Acea Peru: 100%
- Southern Service Consortium: 51%
- Aguazul Bogota: 51%
- Acea Consortium: 100%
The latest news on Acea
Acea rings the bell at Piazza Affari for the €500 million Blue Bond: the largest in Italy.
The operation, dedicated to the sustainable management of water resources, recorded a demand approximately three times higher than the supply and strengthens the group's sustainable finance strategy
Acea supports Roma Cinema Arena: the fifth edition kicks off with a festival dedicated to water.
Free screenings are scheduled at the Parco degli Acquedotti until July 22nd. "Gocce di Cinema" returns, and the "The Thousand Faces of Water" short film contest begins.
Acea accelerates its photovoltaic efforts: a new 7 MW plant in the province of Rome begins operations.
The Santa Maria di Galeria plant, in the XIV Municipio of Rome, will produce approximately 12,5 GWh/year, covering the needs of approximately 4.600 families and reducing CO₂ emissions by approximately 4.500 tons per year.
Acea: Aretusacque launches water management project in Syracuse, investing €366 million over 30 years.
The takeover will immediately affect approximately 115.000 inhabitants of the Aretusean capital and represents the first step in a broader process of taking charge of the integrated water service of the 19 municipalities of the province.
Acea successfully placed its first €500 million Blue Bond: here's what it is
This is the first issuance of its kind in Italy. The rate is set at 3,375%, with a maturity of six years. The proceeds will be used to finance and/or refinance projects related to the sustainable management and security of water resources.