A2a closes 2023 with a net profit of 659 million euros, up 64% compared to the previous year.
Net of extraordinary items, ordinary net profit stood at 635 million euros (+67%).
Revenues amounted to 14.76 billion, down 36% compared to 2022 following the downward dynamics of commodity prices.
The ordinary EBITDA rose to 1.93 billion, up 30% compared to 2022. Investments amounted to 1.38 billion, up 11% compared to the previous year.
The net financial position stands at 4.68 billion, compared to 4.26 billion in 2022.
The forecasts for the 2024 financial year envisage a gross operating margin of between 2.00 and 2.02 billion euros and a Group net profit, at net of non-recurring items, between 0.57-0.59 billion euros.
The group expects investments of around 1.4 billion euros, in line with 2023.
The board of directors has proposed to the shareholders' meeting a dividend of 0.0958 euros per share, an increase of 6% compared to the dividend distributed last year.
"Thanks to the contribution of all the business units and companies of the group, we concluded 2023 with the best results ever and a net profit increasing by 64% compared to 2022", states Renato Mazzoncini, CEO of A2a.
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