Q3 2024 Acea SpA Earnings Call (English, Italian) Transcript

Nov 14, 2024 / 02:30 PM GMT

Release Date Price: €17.84

Transcript

Key Points

Positve

ACEA SpA (ACEJF) reported a revenue increase to EUR 3.1 billion, with a 7% growth in regulated business revenues compared to the previous year.
EBITDA grew by 12% year-over-year, driven by the water business, grids, and tariff growth.
Net profit, excluding one-off items, increased by 31% to EUR 165 million, attributed to effective financial management.
The company improved its net financial position to EBITDA ratio from 3.49 times to 3.39 times, indicating better financial health.
ACEA SpA (ACEJF) has revised its EBITDA guidance upwards, expecting a 7-9% increase over 2023, reflecting confidence in future performance.

Negative

Operating cash flow was negative at EUR 16 million, primarily due to capital absorption from investments.
The environment segment saw a decline in net revenues by EUR 11 million, impacted by lower revenues from liquid treatment.
The energy production segment experienced a 15% revenue drop due to lower production and reduced rainfall affecting hydroelectric plants.
The company's total cash flow decreased by EUR 386 million, leading to an increase in net debt.
ACEA SpA (ACEJF) faces potential challenges in maintaining growth in non-regulated businesses due to competitive pressures and climate impacts.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ACE.MI - Acea SpA
Q3 2024 Acea SpA Earnings Call (English, Italian)
Nov 14, 2024 / 02:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the co call operator. Welcome to the presentation on the 30 September 2024 results of the group. I like to remind all participants that you are in the listening mode. Only after the presentation, a Q&A session will follow to be assisted by an operator during the conference call press star followed by zero. Now I would like to hand you over to Mr Dario Miki, head of investor relation at a chair. Please go ahead sir.

Thank you and good afternoon.

Welcome to the presentation of the group at the 30th of September 24th Fabricio Tano A DC O and general manager and Mr Dai co and the deputy General manager at the chair will be reporting on the key financials of the first time answer 24. After

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