The results achieved in the first nine months of 2021, which showed EBITDA of 733 million euros (+12.3%) and Group net profit attributable to shareholders of 242 million euros (+57.6%), were supported in particular by the Environment, Energy and Networks business units and bolstered by the positive contribution of the consolidation of I.Blu and Unieco. Moreover, the high cash generation of the period and the positive change in the fair value of derivative instruments made it possible to cover the increase in investments (+12.5%) and M&A operations and to reduce the debt by 91 million euros.
Investors
The Board of Directors approves the results at 30 September 2021. Strong growth in all economic and financial indicators
The Board of Directors approves the results at 30 September 2021. Strong growth in all economic and financial indicators
11 Nov 2021
Main economic-financial indicators
Main economic-financial indicators
- Revenues at 3,104 million euros (+18.1% compared to 2,629 million euros as at 30/9/2020).
- Gross Operating Margin (Ebitda) in the amount 733 million euros (+12.3% compared to 653 million euros as at 30/9/2020).
- Operating profit (Ebit) in the amount of 336 million euros (+16.0% compared to 290 million euros as at 30/9/2020).
- Group net profit attributable to shareholders of 242 million euros (+57.6% compared to 153 million euros as at 30/9/2020).
- Net financial debt at 2,859 million euros (-3.1% compared to 2,950 million euros as at 31/12/2020).
ESG and industry highlights
ESG and industry highlights
- Positive ESG performances, with sorted waste collection, equal to over 69.4%, and carbon intensity down to 328gCO2/KWh.
- Overall organic growth of approximately 22 million euros in Ebitda.
- Consolidation of recently acquired companies (I.Blu and Unieco) equal to 28 million euros in Ebitda.
- Synergies equal to 8 million euros in Ebitda.
- Investments of 466 million euros (+12.5%), in line with the Plan's assumptions.
- Solid customer base in the energy sectors (approximately 2 million customers), up by 112,000 compared to 31/12/2020.