Italy · Delayed Price · Currency is EUR ACEA S.p.A. Earnings Call Transcripts
Fiscal Year 2026
-
EBITDA and net profit saw strong year-over-year growth, driven by regulated businesses and a major capital gain from the ACEA Energia sale. CapEx remained focused on regulated assets, and management expects to reach the high end of 2026 guidance, with further acceleration in H2.
-
Q1 2026 saw strong growth in regulated businesses, with EBITDA up 4% and net income up 14% year-over-year. CapEx rose 18%, and guidance for 2026 is confirmed, supported by stable financials and ongoing investment in infrastructure.
Fiscal Year 2025
-
Record 2025 results with EBITDA up 10% and net profit up 49% year-over-year, driven by asset rotation, strong regulated business focus, and operational efficiency. Dividend rises 26% to €1.20 per share, including a one-off from asset disposals.
-
Strong growth in EBITDA and net profit for the first nine months of 2025, driven by regulated businesses and asset disposals. 2025 guidance was raised, with stable financial ratios and a focus on core water, grid, and environment segments.
-
Strong H1 2025 results with double-digit EBITDA and net profit growth, driven by regulated businesses and strategic asset rotation. Upward guidance for 2025 reflects focus on infrastructure and improved financial profile.
-
Q1 2025 saw 8% revenue and 19% EBITDA growth year-over-year, driven by tariff increases, improved margins, and higher production volumes. CapEx rose 6%, with 92% in regulated businesses, while net profit grew 3%. Guidance for 2025 is confirmed despite expected margin pressure and regulatory uncertainties.
Fiscal Year 2024
-
Record 2024 results with EBITDA up 12% and net profit up 13%, surpassing business plan targets. Strong CapEx growth, improved leverage, and expansion into new regions highlighted, with 2025 guidance forecasting modest EBITDA growth and continued regulatory focus.
-
Strong growth in regulated businesses drove a 7% revenue increase and 12% EBITDA rise for the first nine months of 2024. Upgraded guidance reflects higher tariffs and operational efficiency, while asset sales and reinvestment will support future growth.
-
First half 2024 saw strong growth in regulated businesses, with EBITDA up 9% and net profit up 21% year-over-year. Guidance for 2024 is confirmed, with continued investment focus and stable financial ratios, despite sector challenges and regulatory changes.