Environment
2023 in numbers
Operating data
|
U.M. |
2023 |
2022 |
Change |
% Change |
|
|---|---|---|---|---|---|
|
WTE conferment |
kt |
375.9 |
389.8 |
(13.8) |
(3.6%) |
|
MBT waste and landfill |
kt |
474.0 |
400.0 |
74.0 |
18.5% |
|
Conferments to composting plants |
kt |
156.0 |
149.0 |
7.0 |
4.7% |
|
Conferments to selection plants |
kt |
339.2 |
286.8 |
52.4 |
18.3% |
|
Intermediated waste |
kt |
160.8 |
166.0 |
(5.3) |
(3.2%) |
|
Liquids treated at plants |
kt |
322.3 |
323.0 |
(0.7) |
(0.2%) |
|
Waste produced |
kt |
484.9 |
451.2 |
33.7 |
7.5% |
|
WTE net electricity sold |
GWh |
278.3 |
293.8 |
(15.5) |
(5.3%) |
Equity and financial results
|
2023 |
2022 |
Change |
% Change |
|
|---|---|---|---|---|
|
Revenues |
334.3 |
342.4 |
(8.1) |
(2.4%) |
|
Costs |
249.9 |
240.8 |
9.1 |
3.8% |
|
EBITDA |
84.4 |
101.6 |
(17.2) |
(17.0%) |
|
Operating profit/(loss) |
25.4 |
58.5 |
(33.2) |
(56.7%) |
|
Average workforce |
875 |
875 |
0 |
0.0% |
|
Capex |
38.9 |
46.2 |
(7.3) |
(15.9%) |
EBITDA
|
2023 |
2022 |
Change |
% Change |
|
|---|---|---|---|---|
|
EBITDA – Environment Segment |
84.4 |
101.6 |
(17.2) |
(17.0%) |
|
EBITDA – Group |
1,390.9 |
1,305.0 |
85.9 |
6.6% |
|
Percentage |
6.1% |
7.8% |
(1.7 p.p.) |
|
Year review
The Environment Segment closed 2023 with an EBITDA of € 84.4 million, down by € 17.2 million (-17.0 % over the previous year). The change was mainly due to lower margins for Acea Ambiente (-€ 25.5 million) as a consequence of: i) lower CO2 sales (-€ 11.1 million), lower compost margins due in part to the energy scenario (-€ 4.6 million) and in part lower quantities of energy sold to WTE plants (-€ 0.4 million); ii) lower margins deriving from composting business, for the most part due to lower volumes and lower tariffs from the Aprilia (-€ 4.3 million) and Monterotondo plants (-€ 1.0 million); iii) recognition of costs linked to the waste to energy plant in Rome (+€ 2.7 million). Also contributing to the reduction was the lower margin from the Orvieto landfill, both due to lower quantities entering and the price effect (-€ 2.3 million) and S.E.R. Plast due to both the price effect and an increase in waste (-€ 2.1 million).
This change was offset by the change in scope (+€ 13.4 million), following the consolidation of Tecnoservizi (+€ 2.4 million) and the Polo Cirsu business unit, acquired from Acea Ambiente (+€ 11.0 million).
The average number of staff at 31 December 2023 was 875, in line with 31 December 2022.
Segment investments came out at € 38.9 million (-€ 7.3 million compared to 31 December 2022) and refer mainly to the investments made by Acea Ambiente (€ 21.7 million) for system improvements carried out at the San Vittore plants and at the WTE plant in Terni and AS Recycling (€ 4.8 million), for the construction of the plastic SRF recycling plant in Borgorose.