The Board of Directors approves the fiscal year results at 30 June 2021: the upward trend in all economic and financial indicators is confirmed

The Board of Directors approves the fiscal year results at 30 June 2021: The upward trend in all economic and financial indicators is confirmed: Ebitda up 9%, Group net income up 46% and investments up 10%.

The results obtained in the first half of 2021 show growth supported by all business areas and sustained by the positive contribution from the consolidation of I.Blu and Unieco. This performance is reflected in an EBITDA of €517 million (+9.3%) and Group net profit attributable to shareholders of €193 million (+45.6%), while maintaining a substantially unchanged level of debt thanks to the robust generation of cash, able to meet the high level of investment (+9.8%).

Main economic-financial indicators

  • Revenues at € 2,005 million (+9.8% compared to € 1,826 million at 30/6/2020).
  • Gross Operating Margin (Ebitda) at € 517 million (+9.3% compared to € 473 million at 30/6/2020).
  • Operating profit (Ebit) of € 251 million (+8.3% compared to € 232 million at 30/6/2020).
  • Group net profit attributable to shareholders of € 193 million (+45.6% compared to € 133 million at 30/6/2020).
  • Net financial debt at € 2,959 million (+0.3% compared to € 2,950 million at 31/12/2020).

ESG and industry highlights

  • ESG performance was positive, with recycling up over 69% and carbon intensity down to 312gCO2/KWh.
  • Overall organic growth of around € 12 million in Ebitda.
  • Consolidation of recently acquired companies (I.Blu and Unieco) amounting to € 18 million Ebitda.
  • Synergies amounting to € 6 million Ebitda.
  • Investments of € 279 million (+9.8%), in line with the Plan's forecasts.
  • Solid customer base in the energy sectors (over 1.9 million customers), up by more than 30,000 compared to 31/12/2020.