Axpo Italy, the fourth operator in the Italian free energy market, closed the 2018/2019 financial year with a turnover of 2,378 billion, up 70% every year. The adjusted operating margin (Adjusted EBITDA) has more than doubled (+ 108 %), reaching 87 million.
Il operating return on invested capital – equal to over 320 million euro – stood at 26%, a decisive increase compared to the previous year.
The group makes it known that they have achieved over 400 users (+30% year-on-year), supplying over 12TW of power and more than 13TW of gas over the 30 months, in both cases a share equal to around 5% of Italy's needs.
"The development path was accompanied by internal reorganizations and the launch of commercial projects which will see full operation in 2020 - reads the note - The growth strategy of acquisitions in the retail area has proved to be decisive for development".
Furthermore, during 2019, Axpo Italia launched Press, a new fully digital energy company dedicated to the domestic market.
“Axpo closed a year of great growth, with the will to continue investing in Italy, as we have always done in the last 20 years – comments the CEO, Simone Demarchi – The expansion of the commercial area, which today mainly concerns the business segment, will see another development factor on the domestic market in the coming years, thanks to the launch of Pulsee, the full digital energy company dedicated to domestic users destined to bring innovation , sustainable consumption and new tailor-made services for our customers”.
