MILANO – The shareholders’ meeting of group A2a approved the 2023 budget, which closed with a net profit of 659 million, an increase of 64% compared to 2022. Furthermore, the shareholders gave the green light to the distribution of a dividend per share ordinary amount equal to 0.0958 euros to be paid from 22 May.
The shareholders also authorized a new share buyback plan. The buyback will have «a total maximum number of own shares that can be purchased from time to time by A2a and its subsidiaries is set at 313,290,527, equal to a tenth of the shares that make up the share capital»
“In 2023 we recorded an impressive growth in EBITDA, at +32%, reaching almost two billion euros” he commented CEO Renato Mazzoncini. «We are doing better than the 2021 industrial plan which assumed exceeding 1.7 billion in 2023. Those of 2023 are excellent results which see greater stability», added the manager.
Recalling that in 2022 «there were two factors that had an impact: the war in Ukraine and the drought. Then in 2023 we saw a drop in the price of energy by 58% and we were back to 2021 levels, and the average cost of gas dropped by 65%; plus the drought ended in March. We therefore managed to return to a normal year with an increase in the customer base to 3.5 million and we continued to invest in the networks with a consequent growth in rab. 2023 was a year in which we maintained strict financial discipline, in light of the requests from the rating agencies.”