Consolidated
financial statements

Play video "2023 Highlights"

Letter to Shareholders

2023 was characterised by great uncertainty around the geopolitical tensions in Eastern Europe and the Middle East, inflation levels far from the targets of the European Central Bank, and rising interest rates as a result of monetary policies. Moreover, the increase in extreme weather events was and will continue to pose an additional risk factor at national level to both the economy and our ecosystem.

Financial highlights

Go to the summary of results

CONSOLIDATED REVENUES
EBITDA
EBIT
PROFIT BEFORE TAX
NET PROFIT OF THE GROUP
GROUP INVESTMENTS*

Figures in € million

* net of financed investments

In 2023, the Group continued its strategy focused on the development of sustainable infrastructure in regulated contexts to support growth and preserve adequate financial balance

Corporate highlights

Results by segments

Number one operator
in Italy for water services

with 10 million residents served
in Latium, Tuscany, Umbria, Campania and Molise

Leading operator
in Waste Management in Italy

with over 1.8 million tons
of waste managed

One of the leading
energy distribution operators in Italy

with about 9 TWh
of energy distributed

One of the leading
Italian players in the energy generation from renewable sources

with about 750 GWh
of energy produced

One of the leading
national players in the energy market

with about 7 TWh
of energy sold

Present with
4 companies operating
in water services

serving about 10 million
residents in Latin America

One of the leading
operators in Italy for Engineering services

461,799 drinking water analyses

160,862 waste water analyses

Business segment

Acea has adopted an organisational structure and operating model based on strategic guidelines, founded on growth in the water market through infrastructure development, geographic expansion, strengthening technology and protecting water resources; the resilience of the electricity network and quality of service in the city of Rome; developing new renewable capacity to help face the energy transition; a push towards the circular economy with geographic expansion, also in synergy with other businesses.

The macrosectors in which ACEA works are broken down into the following industrial segments: Water, Networks & Smart Cities, Commercial, Production, Environment, Engineering & Infrastructure Projects.

Water
Environment
NETWORKS & SMART CITIES
Production
Commercial and Trading
Water (Overseas)
Engineering & Infrastructure Projects

Water

The Acea Group is the top Italian operator in the water sector serving 10 million people. The Group manages the Integrated Water Service in Rome and Frosinone, including the respective provinces, and is present in Tuscany, Umbria, Campania and Molise. The Group is also present in the methane gas distribution market, mainly in Abruzzo.

* net of financed investments.

** before corporate EBITDA (equal to -3%)./span>

Environment

The Acea Group is one of the leading national players with around 1.829 million tonnes of waste processed each year, including intermediated. Among the various treatment and disposal plants operated in 8 regions there is the main waste-to-energy plant and the largest anaerobic digestion and composting plant in the Lazio Region and the largest mechanical/biological treatment plant in the Abruzzo Region. The Group pays particular attention to the development of investments in the waste-to-energy and waste-recycling business, which is considered to have high potential, in line with the strategic objective of environmental and energy enhancement of waste, as well as its recovery and recycling in the plastics, paper and metals sectors and in the production of high-quality compost.