Production
2023 in numbers
Operating data
|
U.M. |
2023 |
2022 |
Change |
% Change |
|
|---|---|---|---|---|---|
|
Energy produced |
GWh |
581.6 |
504.1 |
77.5 |
15.4% |
|
of which hydro |
GWh |
418.9 |
329.9 |
89.0 |
27.0% |
|
of which thermal |
GWh |
162.7 |
174.2 |
(11.5) |
(6.6%) |
|
(Photovoltaic) energy produced |
GWh |
133.9 |
125.2 |
8.7 |
7.0% |
|
Energy produced (cogeneration) |
GWh |
34.1 |
32.2 |
1.9 |
6.0% |
Economic and financial results
|
2023 |
2022 |
Change |
% Change |
|
|---|---|---|---|---|
|
Revenues |
130.8 |
175.3 |
(44.4) |
(25.3%) |
|
Costs |
77.0 |
85.4 |
(8.4) |
(9.9%) |
|
EBITDA |
53.9 |
89.8 |
(36.0) |
(40.0%) |
|
Operating profit/(loss) |
33.7 |
75.3 |
(41.6) |
(55.2%) |
|
Average workforce |
97 |
92 |
5 |
5.2% |
|
Capex |
41.1 |
30.3 |
10.8 |
35.7% |
Economic and financial results
|
2023 |
2022 |
Change |
% Change |
|
|---|---|---|---|---|
|
EBITDA Production segment |
53.9 |
89.8 |
(36.0) |
(40.0%) |
|
EBITDA – Group |
1,390.9 |
1,305.0 |
85.9 |
6.6% |
|
Percentage |
3.9% |
6.9% |
(3.0 p.p.) |
Year review
EBITDA at 31 December 2023 came to € 53.9 million, down by € 36.0 million with respect to 31 December 2022, for the most part attributable to Acea Produzione (-€ 22.5 million) as a consequence of lower margins, which suffered from the significant reduction in energy market prices (the average DAM price in 2023 was € 126/MWh compared to € 298/MWh in 2022), in part offset by greater quantities of energy produced by hydroelectric power plants (+89 GWh).
EBITDA for the photovoltaic segment fell by € 13.4 million, in part influenced by the change in the scope (-€ 4.7 million) due to the loss of control over a photovoltaic holding in the Acea Group (Acea Sun Capital) as of April 2022 and in part the impairment of plants subject to revamping (-€ 9.1 million).
The average workforce increased slightly (+5 units) compared to the previous year; note that the photovoltaic companies do not have employees.
Investments amounted to € 41.1 million and increased by € 10.8 million compared to the previous year, mainly due to greater investments made by Acea Solar to construct photovoltaic systems both on agricultural and industrial land. Investments made by Acea Produzione totalled € 8.3 million, down with respect to the previous year (-€ 1.9 million) and mainly involving work to redevelop and maintain hydroelectric power plants.