Acea gives green light to the 2024-2028 industrial plan which envisages investments of 7.6 billion euros "at the highest ever", a dividend growing by 4% per year in the period 2023-2028 for an overall distribution of over one billion EUR.
The company communicated this after the approval of the business plan by the board of directors which also gave the green light to the 2023 budget.
The plan "which we called 'Green Diligent Growth' envisages significant growth and focus on three businesses regulated to make the our increasingly sustainable and resilient infrastructures, with 7.6 billion euros of investments to support the country's development", explains the CEO of Acea, Fabrizio Palermo.
The 2023 accounts closed with a recurring net profit for the Group of 280 million euros, up 22% compared to 2022 and Ebitda rose to 1,391 million (+7%).
Consolidated revenues fell by 10% to 4,649 million, mainly affected by the sharp decline in prices on the energy markets.
Revenues relating to the Water Italy, Networks & Smart Cities and Environment areas, equal to 2.4 billion euros, represent over 50% of the total and recorded an increase of approximately 6% in the period.
Reproduction reserved © Copyright ANSA