Italy · Delayed Price · Currency is EUR ACEA S.p.A. Earnings Call Transcripts
Fiscal Year 2026
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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
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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.
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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.
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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.
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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
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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.
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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.
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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.