A2A: EBITDA 2022 up to 1.5 billion, investment plan ahead

A2A EBITDA 2022 up to 15 billion investment plan ahead

(Tiper Stock Exchange) – A2A closed the 2022 financial year with a EBITDA (Gross Operating Margin) of 1.5 billion euros, up 5% compared to the 1.43 billion euros of 2021. Ordinary EBITDA, i.e. net of extraordinary items recorded in the period, also stood at 1.5 billion euros, up 7 % compared to 2021 (1.4 billion euro).

Despite the geopolitical tensions and strong turbulence that characterized the energy markets in the year under review, the Group achieved a growing margins thanks to diversification of its own activities: the positive results of the Generation & Trading Business Unit and of the Waste Business Unit more than compensated for the contraction in margins recorded in the other business sectors.

“In a complex year like the one just ended, characterized by economic uncertainty and international tensions, the preliminary data confirm the solidity of the Group and the ability to continue to grow”, says the Chief Executive Officer Renato Mazzonciniadding “our business model, based on the diversification of activities, has guaranteed the necessary stability to face the turbulence of the markets, without losing the support and closeness to our customers”.

“2023 will see us still engaged in implementing the objectives identified in our Business Plan, through the creation of strategic infrastructures for the development of renewables, the recovery of materials and the strengthening of networks”, concludes the manager.

In 2022 A2A continued along its path of industrial development, in line with the long-term strategy focused on energy transition and the circular economy, further increasing investments and completing important growth operations through acquisitions. The Organic investments they stood at 1.24 billion eurosan increase of 15% compared to 2021. They have been completed M&A operations altogether for 0.46 billion euros (0.72 billion in 2021), focused on the energy transition sector.

There Net Financial Position turns out to be equal to 4.26 billion euros (€4.11 billion as at 31 December 2021). Excluding the changes in scope that occurred in the year under review, the NFP stands at 3.9 billion euro: this reduction is due to the effective optimization of net working capital. The NFP/EBITDA ratio is 2.8x, down on the previous year (2.9x).

tlb-finance