Sustained growth in investments and margins
Continuity in the pursuit of sustainable success
Significative increase in solar and wind energy
Commitment confirmed to build strategic infrastructures for the country
The Group's commitment to sustainable finance continues: during the quarter, A2A successfully placed a new 500 million euro Green Bond with a 11-year term, receiving orders for approximately 2.2 billion euro (around four times the amount offered) to strengthen the Group's liquidity position and support its investment plan.
After this transaction, the proportion of sustainable debt to the Group's total gross debt as of March 31, 2023 reached 64% (49% asof March 31, 2022)..
Milan, May 11, 2023 - At today’s meeting of the Board of Directors of A2A S.p.A., chaired by Marco Patuano, the Board examined and approved the quarterly financial information as of March 31, 2023.
"The results of the first three months of 2023 consolidate the Group's growth, confirming the validity of its strategic choices" - comments Renato Mazzoncini, A2A's Chief Executive Officer - "Being able to increase investments by 18%, compared to the record levels of the same period last year, is for us a source of great satisfaction because it demonstrates A2A's ability to build infrastructures that are indispensable for the country's development. We grew both in the number of customers and in the development of new plant projects, thus strengthening our role as a national player. We have come up with an innovative offer to stabilize the price of electricity for retail customers for ten years using our green sources, to be less subject to market fluctuations. We will continue to work to achieve the goals set out in our Business Plan, to create shared value for the benefit of people, territories and businesses, aware that we are on the right track."
During the first quarter, the A2A Group's economic-financial results increased compared to the previous period, despite the continuing drought, thanks to the diversification of production sources, hedging strategies and a solid customer base.
The Group operated in an environment that was moving towards a gradual return to normalization and the overcoming of the strong turbulence that had characterized 2022: the PUN (Single National Price) decreased by 37% (from 248 euro/MWh in Q1 2022 to 157 euro/MWh in Q1 2023) and the average cost of gas at the PSV by 42% (from 98 euro/MWh to 57.3 euro/MWh).