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Acea: first quarter profit +13,5% year on year

The Roman multiservice company closed the first quarter with a net profit of 50,5 million and a turnover of 761,6 million euros, down by 2,4% on an annual basis – EBITDA grew to 174 million .

The first quarter of is archived That, which closed with growing profits and declining revenues. The Roman multiservice company has registered a net result of 50,5 million euros in the first three months of the year, an increase of 13,5% on an annual basis, on a turnover of 761,6 million euros, a decrease of 2,4% compared to the same period of the previous year.

On the other hand, growing gross operating margin, going from 166 million in the first quarter to 177,41 million euro. Net financial debt as at 31 March 2015 amounted to 2.139,6 million euros, down by 184,3 million euros compared to 31 March of last year and up by 50,5 million euros compared to the end 2014.

“The results of these first three months – stated the CEO of Acea Albert Irace - are satisfying and encourage us to do even more. Compared to the same period last year, profits and GOP continue to grow, as do investments, which mark +8,4%”.

“The Energy Area – continued Irace -, despite the persistence of the drop in consumption, shows a performance significant, thanks to a better mix of customers. Furthermore, the commitment aimed at making working capital more efficient continues. Let's go on like this, with the intention of continuing to produce added value for shareholders and customers”.

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