Acea: revenues up in nine months, net profit to 249 million (+ 14%)

Steel, Francesca Re David:

Accounts up in the first nine months of the year for Acea which confirms the guidance for the year. The company closed the period with revenues of € 2,766 million (+ 12% compared to the same period of 2020) an Ebitda of € 930 million (+ 8%) with an Ebit of € 460 million (+ 8%) and Group net profit of 249 million Euros, with an increase of 14% compared to the first nine months of 2020. In the period, according to a note from the company, investments amounted to 684 million Euros (+ 9% ); net financial debt rises to € 3,998 million (€ 3,528 million at 31 December 2020) “The further growth in results recorded in the period is consistent with the development path that characterizes all the Group’s business areas, also due to to the progressive reduction of the restrictions imposed by the pandemic; this positive trend allows us to confirm the guidance for 2021 already communicated to the market “- commented Giuseppe Gola, CEO. “The organic growth of our businesses, supported by the important investment plan, will be further strengthened by M&A initiatives, in particular in the waste treatment sector where the acquisition of the companies Serplast / Meg and Deco was recently announced. , in line with the Business Plan, they allow a further step forward in the process of closing the waste cycle and consolidating the Group in the circular economy sector “. (HANDLE).

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Source From: Ansa

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