Lombard Multiutility A2A closed a good first quarter of the year, with constantly growing investmentsfocused on energy efficiency, renewable, flexibility of generation systems, but also on new acquisitions. The quarter was also characterized by the incorporation of the Duereti company, which brought the incidence of the activities regulated on the Ebitda to 31%.
Growth investments
The overall investments they got attested to 335 million eurosof which 302 million euros intended for organic investments (+37% compared to the previous year) and 33 million euros intended for operations of BUTmainly attributable to Edison’s acquisition of the Cogenerative central of Sesto San Giovanni with a installed capacity of 110 MW.
Organic investments concerned about 60% interventions mainly aimed at the strengthening and efficiency of networks In support of decarbonisation, the development of photovoltaic systems, the increase in the flexibility of the generation systems, the recovery of matter and energy and the digitization of the group.
Resilient quarter results
The results of the first quarter show revenues For 3,968 million euros, growing 16% compared to the first three months of 2024 following the consolidation of the Dureti company and the increase in the prices of energy commodities.
The Gross operating margin He stood at 675 million euros, down 4% compared to the first quarter of 2024 (703 million euros), following mainly the alignment of hydroelectric production in historical averages. Net of normalization relating to hydraulicity, Ebitda is growing by 1%. The incidence of the activities regulated on the group Ebitda rises to 31% 1 (25% in the first quarter of 2024).
The period brings out a net profit equal to 257 million euros, in a reduction of 13% compared to the analogous period of 2024 (294 million euros). Net of normalization relating to hydraulicity, net profit is 5%reduction.
Net financial position equal to 5,616 million euros (5,835 million euros to 31 December 2024). Excluding the impacts of the perimeter variations of the period, the PFN stands at 5,583 million euros.
Next all with energy transition and sustainability
The new one was created in the quarter Business Unit Circular Economyin which the activities of the Environment sector, of the integrated water cycle and district heating have merged, for the purposes both to optimize their integration, and to adopt new solutions to advance further in the decarbonisation path.
Inaugurated the New Calvisano purification plantfinanced cn the funds of the PNRR, which has a treatment capacity equal to the needs of 12,000 equivalent inhabitants (AE). The infrastructure, which uses advanced technologies, represents a first step to overcome the European infringement procedure started in 2014 and guarantee compliance with community regulations on the treatment of waste water, allowing to avoid penalties by the EU.
A2A also remains concentrated on sustainability with 72% of the eligible investments for the purposes of European taxonomy (47% aligned investments) .ì
A2A is confirmed reference point in sustainable finance: In January he placed his European Green Bond inaugural from 500 million euros and lasting 10 years, the first on the market by a European corporate station. As a consequence of this operation, the sustainable debt on the total Group debt total reached 82% (75% to March 31, 2024) reached March 2025)
