(Finance) – Afivea utility listed on Euronext Milan, announced that the total amount of sales revenue consolidated at 30 September 2024 amounted to 392.0 million euros, down compared to 2023 (443.8 million euros) mainly due to the reduction in revenues for Superbonus energy efficiency interventions and the contraction in commodity prices5, despite the increase in the scope of the Group.
Consolidated operational management, as of September 30, 2024, highlights a Gross Operating Margin equal to 77.9 million euros, a clear increase compared to 2023 (59.5 million euros) mainly in the Sales and Energy Solutions Business Unit which reflects, with particular reference to the Sales segment, the positive contribution deriving from the consolidation of Agesp Energia Srl – both for the gas sales and electricity sales – and the growth in the margin in the electricity sector correlated to the significant increase in the customer base, as well as the optimization of management with cost base efficiency.
The Group Net Result of the nine months of 2024, net of the minority shareholders’ share of profit, is positive and equal to 15.9 million euros, an increase compared to 2023 (8.7 million euros).
THE’net financial debt is equal to 202.8 million euros, improving as a result of the optimizations undertaken by the Group regarding the management of net working capital (257.9 million euros at 12.31.2023). Leverage equal to 0.39 (0.49 at 12.31.2023).