(Finance) – “I am particularly satisfied with the results of the third quarter of 2023, because what has been done in this quarter which is also accompanying the closing of the year and the update of the guidance allows us to have good visibility, is the confirmation of the solid industrial plan which we launched in 2021, which aimed at significant growth on which we saw a positive scenario effect which was well governed and led to the results published today”. Renato Mazzoncini, CEO Of A2Ain the call with the financial community that followed the publication of the results as of 30 September 2023.
“There structural growth that we had foreseen in the plan has now gone through very complex phases and has proven to be very solid, and it will be like this in the coming years too“, he added.
Mazzoncini explained that “we have had some positive effects from one greater hydroelectricitycompared to the tragic last year and is still continuing, from the effective hedging strategy and efficiency of sourceswhich allows us to have very good results.”
Furthermore, “we have increased the customer base (+450 thousand customers) and improved retail margins, and this aspect is accompanied by the growth of the generation, allowing us excellent hedging between the two aspects”.
The CEO underlined that the decrease in revenues, due to the moderation of energy prices, is “excellent news for the country and businesses, which can increase competitiveness”, that “the EBITDA growth is an industrial achievement which confirms the validity of the plan” and the financial management was “extremely rigorous“, which leads to “a debt/EBITDA ratio of 2.6, which is a value that we consider very positive”.