Consolidated Results 2024

  • Performance
  • Financial profile
  • Resource Center

Performance

Growing operating margin thanks to renewables and energy retail

Growth in operating margin, driven by the increase in energy production from renewables, thanks to high hydraulicity, and the positive contribution of the energy retail sector.

Solid economic results

2,328€mln

Gross Operating Income

864€mln

Result of the year

1,512€mln

Investiments

11%

ROI

15%

ROE

Financial profile

Robust financial structure

The solidity of the financial ratios was confirmed, with an NFP/EBITDA ratio of 2.5x — a slight increase on 2023 figure of 2.4x — despite the major acquisition of the electricity distribution network from e-distribuzione, which did not contribute to 2024 EBITDA.

In 2024, the Group issued its first green hybrid subordinated perpetual bond of €750 million and signed green loans, including the €600 million bridge loan to finance the acquisition of electricity grid assets.

Main KPIs

A2A approach to debt management is prudent and sustainable. Debt is made up of   a significant portion of green finance instruments with high exposure to fixed interest rates.

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Resource Center