Economic results

Operating segments

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

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 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 and in the respective provinces, as well as in other parts of Lazio, in Tuscany, Umbria, Campania and Molise. The Group is also in Abruzzo, Molise and Campania, as it has entered the methane distribution market in the Municipality of Pescara, the Province of L’Aquila, the Provinces of Campobasso and Isernia and the Province of Salerno. Finally, the area also includes ASM Terni, which works in the sectors of waste collection, street sweeping and electricity distribution.

 

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

The Acea Group is one of the leading national players with around 1.8 million tonnes of waste processed each year, including those handled. Among the various treatment and disposal plants operated in eight 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.

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

The Acea Group is a leading national operator with around 9 TWh of electricity distributed in Rome. The Group also manages the public and artistic lighting of the capital for a total of more than 206 lights. The Acea Group is committed to energy efficiency projects and the development of new technologies, such as smart grids and electric mobility, through particularly innovative pilot projects.

* before corporate EBITDA (equal to -3%).
** net of financed investments.

 

The Acea Group is one of the main national operators in the field of generation from renewable sources and is involved in energy efficiency projects and energy solutions in the business segment, particularly focused on finding innovative approaches to managing production assets and implementing new production capacity that reduces the Group’s carbon footprint.

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

The Acea Group is one of the leading Italian players in the sale of electricity and offers innovative and flexible solutions for the supply of electricity and natural gas with the objective of consolidating its positioning as a dual fuel operator. It operates on the market segments of medium-sized enterprises and households with the objective of improving the quality of the services offered with particular regard to web and social channels. It supervises the Group’s energy management policies. The Segment also has the objective of searching for innovations and start–ups to launch testing and development projects in the technological field.

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

The area includes the companies that manage water activities in Latin America and its objective is to make the most of development opportunities in other businesses related to those already held in Italy. It is present in Honduras, Dominican Republic and Peru, serving a population of approximately 10 million inhabitants. The activities are carried out in partnership with local and international partners, including through staff training and the transfer of know-how to local entrepreneurs.

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

The Acea Group has developed know-how at the forefront in the design, construction and management of integrated water systems: from the source to the pipelines, from distribution to the sewer network, and treatment. It develops applied research projects aimed at technological innovation in the water, environmental and energy sectors. Laboratory and engineering consultancy services are of particular importance. The Acea Group is also engaged in the design and creation of plants for the environment and for the treatment of water and waste.

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

      The results by segment are shown on the basis of the approach used by the management to monitor Group performance in the financial years compared in observance of IFRS 8 accounting standards. Note that revenue includes the condensed result of equity investments (of a non-financial nature) consolidated using the equity method. The Water Segment also includes the financial statements of companies in the gas distribution segment and ASM Terni.

      31/12/2023
      € million

      Environment

      Commercial

      Water

      Water (Overseas)

      Production

      Networks & Smart Cities

      Engineering & Infrastructure Projects

      Corporate

      Consolidation adjustments

      Consolidated Total

      Revenues

      334

      2,483

      1,494

      97

      131

      628

      116

      145

      (764)

      4,664

      Costs

      250

      2,354

      750

      61

      77

      253

      106

      187

      (764)

      3,273

      EBITDA

      84

      129

      744

      36

      54

      375

      10

      (42)

      0

      1,391

      Depreciation/amortisation and impairment losses

      59

      70

      419

      15

      20

      154

      8

      34

      (0)

      779

      Operating
      profit/(loss)

      25

      59

      325

      21

      34

      221

      2

      (75)

      0

      612

      Capex

      39

      50

      682

      6

      41

      300

      5

      20

      0

      1,143

       

       

      31/12/2022
      € million

      Environment

      Commercial

      Water

      Water (Overseas)

      Production

      Networks & Smart Cities

      Engineering & Infrastructure Projects

      Corporate

      Consolidation adjustments

      Consolidated Total

      Revenues

      342

      3,160

      1,374

      95

      175

      606

      118

      152

      (857)

      5,166

      Costs

      241

      3,070

      705

      62

      85

      254

      104

      196

      (857)

      3,861

      EBITDA

      102

      90

      669

      33

      90

      352

      13

      (44)

      0

      1,305

      Depreciation/amortisation and impairment losses

      43

      68

      400

      14

      15

      150

      9

      40

      0

      739

      Operating
      profit/(loss)

      59

      22

      269

      19

      75

      202

      4

      (84)

      0

      566

      Capex

      46

      50

      611

      6

      30

      269

      6

      33

      0

      1,050