(Alliance News) - The board of directors of Acea Spa on Tuesday evening approved the 2024-2028 business plan. The business plan calls for investments in the period 2024-2028 of EUR7.6 billion, where 91 percent of capex will be allocated to regulated activities.

"The investment program will fuel numerous projects and enable an acceleration of sustainable growth to support the country. Acea confirms itself as an infrastructure operator with good leverage, a key player in the energy transition, decarbonization and

enhancement of the territory, with a view to the circular economy," the company writes in the released note.

Ebitda in plan arc shows an average annual growth of more than 5 percent and reaches EUR1.8 billion at the end of 2028, of which 90 percent is from regulated activities, compared to EUR1.39 billion in 2023 with 29 percent growth.

Net income is expected to increase at a CAGR of 5% from EUR294 million in 2023 to EUR350 million in 2026 and EUR375 million in 2028.

Acea also announces that it intends to carry out the "creation of shareholder value through a sustainable dividend plan that envisages the distribution of more than EUR1 billion - on an accrual basis - in plan arc: annual growth of DPS - Dividend per Share - of 4% from EUR0.88 per share in 2023."

Acea closed Tuesday's session in the green by 4.3 percent at EUR14.45 per share.

By Maurizio Carta, Alliance News reporter

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