ACEA S.p.A. reported consolidated earnings results for the nine months ended September 30, 2018. For the nine months, the company reported net revenues of EUR 2,173,930,000 compared to EUR 2,037,903,000 a year ago. EBITDA was EUR 685,217,000 compared to EUR 625,840,000 a year ago. EBIT was EUR 381,046,000 compared to EUR 291,267,000 a year ago. Profit before tax was EUR 324,556,000 compared to EUR 240,214,000 a year ago. Net profit attributable to the company was EUR 214,774,000 or EUR 1.00849 per basic and diluted share compared to EUR 152,606,000 or EUR 0.71658 per basic and diluted share a year ago. Total cash from operating activities was EUR 386,118,000 compared to EUR 204,630,000 a year ago. Purchase of property, plant and equipment was EUR 166,204,000 compared to EUR 154,401,000 a year ago. Purchase of intangible fixed assets was EUR 247,736,000 compared to EUR 211,200,000 a year ago. Net debt as on September 30, 2018 was EUR 2,631 million compared to EUR 2,487 million a year ago.

The company revised earnings guidance for the year 2018. For the year, the company expects an increase of over 6% in EBITDA (June 2018 guidance above +5%), confirmation of an end-of-year net debt at around EUR 2.6 billion.