Acea: Board approves draft Financial Statements and Consolidated Financial Statements for 2019

• EBITDA €1,042 million (+12% compared to 2018)
• EBIT €518 million (+8% compared to 2018)
  
• Group net profit €284 million (+5% compared to 2018)
  
• Investments €793 million (+26% compared to 2018)
  
• Net debt €3,063 million (€2,568millionat 31 December 2018)

Growth in EBITDA (+12%), with an improvement over the guidance figures provided during 2019

Upturn in Group net profit: +5% compared to 2018

Strong growth in investments, focused above all on regulated businesses (+26%)

The Net Financial Position/EBITDA ratio is less than 3x, with an improvement compared to the target indicated in the 2019-2022 Business Plan

Proposed dividend of 0.78 Euro per share, corresponding to an increase of 10% compared to 2018 (payout ratio of 58.6%, calculated on net profit after minority interests)

2020 guidance: further upturn in results anticipated

• increase in EBITDA between 6% and 8% compared to 2019, in line with the CAGR of the 2019-2022 Business Plan;
• investments basically in line with 2019 and with the 2019-2022 Business Plan;
  
• net debt by 2020 year-end between €3.45 billion and €3.55 billion.

ACEA's Board of Directors, chaired by Michaela Castelli, has approved the draft Financial Statements and consolidated Financial Statements for the period ended 31 December 2019 and the Sustainability Report - Consolidated non-financial Statement.

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