Acea, budget approved at the meeting. Dividend from 88 cents

The Acea shareholders’ meeting approved the financial statements as at 31 December 2023 which show a net profit of 294 million and approved the payment of a dividend of 0.88 euros per share. Ebitda is growing by 7% to approximately 1.4 billion (1,391 million) of which 87% comes from regulated sectors.

Investments reach 1,143 million euros (+9%) and approximately 88% are destined for regulated activities.

“In 2023 the group achieved solid and growing economic results thanks to the investments made, mainly focused on regulated businesses, operational and management efficiency, while maintaining adequate financial discipline” comments Acea’s CEO, Fabrizio Palermo , underlining that “these results not only allowed the dividend approved today by the Assembly to be revised upwards compared to last year, but also represent a concrete basis for implementing the strategic objectives of the industrial plan recently presented to the market”.

The president of Acea Barbara Marinali highlighted that “in 2023 the commitment continued in the development and creation of safe and sustainable infrastructures aimed at satisfying the needs of citizens which the Group has always placed at the center of its work to guarantee a quality public service in the territories in which it operates. The objective is to combine tradition and innovation in management, making use of cutting-edge technologies that will allow us to consolidate operational excellence and carry out important works at the service of the country”.