The Board of Directors of A2A has approved the results of the impairment process and presents the preliminary data as at 31 December 2016

• Gross Operating Margin of over 1.22 billion euros, up by 16%
• Pre-Tax Profit – net of impairment losses – of 350 million euros (274 million euros)
• Net impairment losses of assets, goodwill and investments worth a total of 261 million euros
• Investments of approximately 420 million euros, up by 22%
• Operating free cash flow of 230 million euros
• Net Financial Position, including the effects deriving from the acquisition and first consolidation of LGH, of around 3.14 billion euros (2.90 billion euros as at 31December 2015). NFP/EBITDA down to 2.6x

Milan, 27 February 2017 – Today’s meeting of the Board of Directors of A2A S.p.A., chaired by Mr Giovanni Valotti, approved the results of the impairment process, drafted in accordance with IAS 36 and carried out, as is customary, with the assistance of a recognised independent third-party auditing firm. The process led to an impairment loss (gross of the tax effects) of assets, goodwill and investments for 110 million euros as well as the value readjustment (gross of the tax effects) of assets for 51 million euros.
The Board also examined the preliminary consolidated results for FY 2016, which include the effects of the consolidation for five months of the new group acquired, LGH.

For further information:
Media relations:
tel. 02 7720.4583
ufficiostampa@a2a.eu
Investor Relations:
tel.02 7720.3974
ir@a2a.eu

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