One of the leading Italian infrastructure operators, Acea is active in the Water, Grids, Public Lighting and Environment sectors. The Group has good financial leverage and ample opportunities for growth in its various segments and territories of operation.
Leaders in the Italian integrated water service management sector, we are among the country’s foremost electricity distributors and are present throughout the waste treatment chain. In keeping with the Group’s mission, we are working to improve residents’ lives by offering quality essential services and enhancing the value of our people.
Water | 10 | Mln people served in Italy (20 mln including foreign countries) |
Electricity | 1,7
1,5 | Mln PODs in Rome, the largest city grid in Europe (over 32,000 km)
Mln customers |
Environment | 1,8 | Mln tons of waste treated, with 25 plants in 8 regions |
Engineering | 400+ | Engineers with distinctive technical skills |
Production | 380 | MW of installed capacity, including 270 from renewables |
Among the Italian multiutility companies, we are the industrial entity with the highest percentage of regulated business: 87% of our 2024 EBITDA came from regulated sectors (Water Italy, Grids & Public Lighting and Environment).
Ample growth prospects. We operate in a strongly evolving scenario that offers major investment opportunities: in the water business, to modernise the infrastructure; in the electricity sector, to improve grid resilience; in the environmental sector, to promote development of the circular economy.
A strategy based on significant growth in investments. Our 2024-2028 Business Plan, called “Green Diligent Growth”, provides for investments totalling €7.6 billion, destined above all for development of the Water, Electricity and Environmental regulated businesses to further enhance our infrastructure leadership positions in Italy. During the plan period, RAB will increase substantially to reach €10.5 billion in 2028 (+42% compared with 2023). The strong discipline on costs and investments is a key aspect of our strategy to support cash generation combined with optimisation of our financial structure and capital allocation. The plan enablers are the valorisation of our people, the utilisation of new technologies to support service quality and security and the redesigning of our processes.
Increasing focus on sustainability. We integrate ESG criteria into all our business decisions, pursuing a sustainability strategy in line with the long-term objectives envisaged by the UN 2030 Agenda. According to our Business Plan, around €5.5 billion of anticipated industrial capex is related to significant areas for sustainability. The plan also includes specific environmental, social and governance targets. Our commitment has been acknowledged with confirmation, in October 2024, of the “EE+” rating from Standard Ethics, which highlights how Acea’s long-term planning is supported by investments aimed at European objectives regarding the transition towards a “net-zero” economy.
Dividend Policy. The 2024-2028 Business Plan provides for the distribution of over €1 billion (accrual-based) during the plan period, with an annual DPS (Dividend per Share) growth of 4% compared with 2023. The proposed dividend for 2025, with reference to FY2024, is €0.95 per share (€0.88 in 2024 with reference to FY2023).
Cost of debt. As at 31 December 2024, medium/long-term debt is 91% fixed rate and has an average maturity of 4.5 years. The Group’s “all-in” average cost of debt is 2.16% (compared with 2.08% as at 31 December 2023).
Data as at 31 December 2024
€ Consolidated Revenues
€ EBITDA
€ Net profit
€ Investments
2024 Consolidated Financial Statements (Italian)
2024-2028 Business Plan (Italian)
Engagement Policy
Investor Guidebook - April 2025 (Italian)
Our integrated strategy
The 2024-2028 Business Plan aims to consolidate Acea’s leadership in the Water, Electricity and Environment regulated sectors.
Financial statements and results
Access to all information regarding financial results and reference documents.
Share performance
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Financial structure
Acea is committed to guaranteeing the soundness of its financial structure, maintaining a large percentage of debt at fixed rate.
Calendar of financial and corporate events
This sets out key dates for financial disclosures and events intended for analysts and investors.
Press releases Investors
Allows access to price sensitive press releases and those of interest to investors.
