Results by Business Unit
Excel (31.58 Kb)
Effective operational management
Our operational results stem from a variety of actions
The operating results for 2024 were achieved thanks to optimisation strategies on the integrated production portfolio, hedging activities and commercial development initiatives, in an energy context characterised by lower volatility than in 2023, with decreasing prices overall - an average annual PUN of 108.4 €/MWh (-14.9%) and an average gas cost at PSV of 36.3 €/MWh (-14.3%).
- Main KPIs
- I dati delle Business Unit
- Resource Center
Main KPIs
During the last year, we achieved solid financial and industrial results
The strong growth of 2024 EBITDA, sustained by the industrial contribution of all business areas, proved our concrete commitment of growth of suistanable value for our Stakeholders.
I dati delle Business Unit
Solid economic and industrial outcomes
Growth in overall EBITDA reflects the positive contribution of all business areas, particularly Generation & Trading and the Market.
The Generation and Trading Business Unit is responsible for managing the Group's generation plant portfolio. Its activities are focused on maximising plant availability and efficiency, minimising O&M costs, and optimising profits from energy portfolio management through purchases and sales of electricity, fuels and environmental securities on domestic and foreign wholesale markets. This Business Unit also includes the commodity trading activity.
986€mln
EBITDA
+18.9% compared to 2023
370€mln
Capex
332 million in 2023 (+11.4%)
0GWh
Production of coal-fired plants
(312 GWh in 2023)
5,718GWh
Thermoelectric production CCGT
(-24.8% vs 2023)
839GWh
Photovoltaic and wind power production
(+4.1% vs 2023)
5,193GWh
Hydroelectric production
(+38.7% vs 2023)
Operating figures
| Net electricity production (GWh) | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| Net thermoelectric production | 6,189 | 9,134 | (2,945) | (32.2%) |
| - CCGT | 5,718 | 7.601 | (1.883) | (24.8%) |
| - Oil | 471 | 1.221 | (750) | (61.4%) |
| - Coal | - | 312 | (312) | (100%) |
| Net production from Renewable Sources | 6,032 | 4,549 | 1,483 | 32.6% |
| - Hydroelectric | 5,193 | 3,743 | 1,450 | 38.7% |
| - Photovoltaic | 382 | 378 | 4 | 1.1% |
| - Wind | 457 | 458 | 29 | 6.8% |
| Total net production | 12,221 | 13,683 | (1,462) | (10.7%) |
Economic figures
| Millions of euro | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| Revenues | 8,519 | 10,920 | (2,401) | (22.0%) |
| Gross Operating Margin | 986 | 829 | 157 | 18.9% |
| Net Operating Result | 702 | 554 | 148 | 26.7% |
| Capital Expenditure | 370 | 332 | 38 | 11.4% |
| FTE | 1,120 | 1,107 | 13 | 1.2% |
The Market Business Unit's activities focus on retail electricity and gas sales, as well as energy efficiency services.
462€mln
EBITDA
+54.5% compared to 2023
115€mln
Capex
92 million in 2023 (+25.0%)
24,502GWh
Electricity Sales
(+6.7% vs 2023)
3,139Mmc
Gas Sales
(+3.5% vs 2023)
2,095(#/1000) POD
Retail market ele customers
free market: 1,539 POD
(+17.8% vs 2023)
1,549(#/1000) PDR
Retail market gas customers
free market: 1.379 PDR
(+17,1% rispetto al 2023)
Operating figures
| Electricity Sales | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| Electricity Sales Free Market (GWh) | 21,166 | 18,543 | 2,623 | 14.1% |
| Electricity Sales under Greater Protection Scheme (GWh) | 293 | 517 | (224) | (43.3%) |
| Electricity Sales Safeguard Market (GWh) | 1,725 | 2,600 | (875) | (33.7%) |
| Electricity Sales Gradual Protection (GWh) | 1,318 | 1,304 | 14 | 1.1% |
| Total Electricity Sales (GWh) | 24,502 | 22,964 | 1,538 | 6.7% |
| POD Electricity | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| POD Electricity Free Market (#/1000) | 1,539 | 1,307 | 232 | 17.8% |
| POD Electricity Gradual Protection (#/1000) | 470 | 378 | 92 | 24.3% |
| POD Electricity under Greater Protection Scheme (#/1000) | 86 | 249 | (163) | (65.4%) |
| Total POD Electricity (#/1000) | 2.095 | 1,934 | 161 | 8.3% |
| Gas Sales | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| Gas Sales Free Market (Mmc) | 3,050 | 2,743 | 307 | 11.2% |
| Gas Sales under Protection Scheme (Mmc) | 89 | 517 | (224) | (69.2%) |
| Total Gas Sales (Mcm) | 3,139 | 3,032 | 107 | 3.5% |
| PDR Gas | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| PDR Gas Free Market (#/1000) | 1,379 | 1,178 | 201 | 17.1% |
| PDR Gas under Greater Protection Scheme (#/1000) | 170 | 377 | (207) | (54.9%) |
| Total PDR Gas (#/1000) | 1,549 | 1,555 | (6) | (0.4%) |
The quantities are stated gross of losses. The POD and PDR figures relate to the mass market.
Economic figures
| Millions of euro | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| Revenues | 6,670 | 7,140 | (470) | (6.6%) |
| Gross Operating Margin | 462 | 299 | 163 | 54.5% |
| Net Operating Result | 308 | 167 | 141 | 84.4% |
| Capital Expenditure | 115 | 92 | 23 | 25.04% |
| FTE | 1,101 | 1,034 | 67 | 6.5% |
The Environment Business Unit is responsible for managing the integrated waste cycle, from collection and sweeping to the treatment, disposal and recovery of materials and energy. Collection and sweeping activities primarily involve street cleaning and transporting waste to its destination. Waste treatment, on the other hand, refers to the processes carried out in material recovery plants. Disposing of municipal and special waste in combustion plants ensures energy recovery through waste-to-energy.
409€mln
EBITDA
9.1% compared to 2023
256€mln
Capex
214 million in 2023
1,661GWht
Heat sold
(+7.6% vs 2023)
2,106GWh
Electricity sold
(+1.7% vs 2023)
1,141Kton
Material recovery disposals
(+0.9% vs 2023)
2,175Kton
Energy recovery disposals
(+7.4% vs 2023)
4,732Kton
Waste disposed
(+3.7% vs 2023)
Operating figures
| 2024 | 2023 | Change | % | |
|---|---|---|---|---|
| Waste collected (Kton) | 1,825 | 1,787 | 38 | 2.1% |
| Residents served (#/1000) | 3,943 | 3,878 | 65 | 1.7% |
| Electricity sold (GWh) | 2,106 | 2,071 | 35 | 1.7% |
| Heat sold (GWht) | 1,661 | 1,544 | 117 | 7.6% |
| Biomethane (Mm3) | 13 | 5 | 8 | n.s |
| Waste disposed of (Kton) | 2024 | 2023 | Change | % 2024/2023 |
|---|---|---|---|---|
| Energy recovery | 2,175 | 2,025 | 150 | 7.4% |
| Material recovery | 1,141 | 1,131 | 10 | 0.9% |
| Other | 1,416 | 1,409 | 7 | 0.5% |
| Total | 4,732 | 4,565 | 167 | 3.7% |
The quantities reported are gross of intra-group disposals.
Economic figures
| Millions of euro | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| Revenues | 1,540 | 1,458 | 82 | 5.6% |
| Gross Operating Margin | 409 | 375 | 34 | 9.1% |
| Net Operating Result | 208 | 206 | 2 | 1.0% |
| Capital Expenditure | 256 | 214 | 42 | 19.6% |
| FTE | 6,902 | 6,703 | 199 | 3.0% |
The Smart Infrastructures Business Unit's activities mainly concern the development and technical-operational management of electricity and gas distribution networks and related metering services.
It also manages the entire integrated water cycle. The Business Unit produces heat and electricity from cogeneration plants, distributes and sells heat through district heating networks, and manages third-party heating plants. The Business Unit is also involved in public lighting and in the construction of infrastructure for electric mobility, as well as in developing solutions to improve citizens' quality of life.
552€mln
EBITDA
+3,4% compared to 2023
660€mln
Capex
631 millions in 2023 (+4.6%)
1,726€mln
RAB Gas
(+7,9% vs 2023)
1,089€mln
RAB Electricity
(+14.3% vs 2023)
542€mln
RAB Water Services
(+13.6% vs 2023)
3,078GWht
Heat and cold sales
(+9.6% vs 2023)
Operating figures
| Network | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| Electricity distributed (GWh) | 11,030 | 10,882 | 148 | 1.4% |
| Gas distributed (Mmc) | 2,613 | 2,503 | 110 | 4.4% |
| Water distributed (Mmc) | 1,725 | 68 | (2) | (2.9%) |
| RAB Electricity (M€)* | 1,318 | 953 | 136 | 14.3% |
| RAB Gas (M€)* | 1,725 | 1,599 | 127 | 7.9% |
| RAB Water (M€)* | 1,725 | 477 | 65 | 13.6% |
| Heat (GWht) | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| Sources | ||||
| Plants | 1,396 | 1,269 | 127 | 10.0% |
| Purchases from other Business Units | 1,641 | 1,524 | 117 | 7.7% |
| Purchases from third parties | 476 | 387 | 89 | 23.0% |
| Total sources | 3,513 | 3,180 | 333 | 10.5% |
| Uses | ||||
| Heat sales to end customers | 2,934 | 2,667 | 267 | 10.0% |
| Distribution losses | 579 | 513 | 66 | 12.9% |
| Total Uses | 3,513 | 3,180 | 333 | 10.5% |
| Cold sales | 144 | 141 | 3 | 2.1% |
| Electricity from cogeneration | 635 | 595 | 40 | 6.7% |
* The figures only refer to district heating and include cold sales. Purchases include the quantities of heat purchased from the Waste Business Unit.
Economic figures
| Millions of euro | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| Revenues | 1,492 | 1,552 | (60) | (3.9%) |
| Gross Operating Margin | 552 | 534 | 18 | 3.4% |
| Net Operating Result | 260 | 230 | 30 | 13.0% |
| Capital Expenditure | 660 | 632 | 29 | 4.6% |
| FTE | 3,267 | 3,147 | 120 | 3.8% |
Corporate services include guidance, strategic direction, coordination and control of industrial management activities, as well as business and operating support services The costs of these services remain the responsibility of Corporate.
Economic figures
| Mllions of euro | 2024 | 2023 | Change | % |
|---|---|---|---|---|
| Revenues | 353 | 337 | 16 | 4.7% |
| Gross Operating Margin | (81) | (66) | (15) | 22.7% |
| Net Operating Result | (161) | (140) | 30 | 15.0% |
| Capital Expenditure | 112 | 110 | 2 | 1.8% |
| FTE | 1,871 | 1,730 | 141 | 8.2% |
Useful resources
Services
A2A S.p.A. - P.I. 11957540153