A2a: 9-month profit leaps to 394 million, revenues + 34%

Genoa, Banca Carige opens the first smart branch (ANSA)

(ANSA) – MILAN, NOV 11 – A2a closed the first 9 months of the year with revenues up 34% to 6.45 billion. EBITDA rose 17% to 959 million and net profit 81% to 394 million. Investments increased by 55% to 640 million, while the net financial position grew by 310 million to 3.78 billion.

Installed capacity from renewable sources (hydroelectric, photovoltaic and wind) increased by 14% to 2,235 Mw, while the ‘group emission factor’ fell by 26%, which stood at 316g of Co2 per kWh compared to 2017, the year of reference for the Science Based Targets Initiative.

“In the first 9 months of 2021 – commented the managing director Renato Mazzoncini – we continued with our significant industrial and economic growth, marked by sustainability and ecological transition”. “We record the increase in all financial indicators and the record of investments over the period”, he continued, underlining that “we have further accelerated our installed capacity from renewable sources and reduced the Group’s emission factor”. “Our commitment – he explained – remains focused on the energy transition and on the circular economy, to ensure an important contribution to the achievement of the decarbonisation objectives and to create the infrastructures necessary to fill the plant engineering gap in some areas”. Infrastructures that are “strategic assets that will allow our country to remain sheltered from market turbulence and the consequent increase in the cost of energy, for the benefit of citizens”.

(ANSA).

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Source From: Ansa

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