Strategic Plan confirmed and updated
Successful execution of the first year Plan 2018-2022, “TEC”, based on circular economy, energy transition and smart solutions in a context of reinforced attention to sustainability
Further improvement of the economic-financial results
EBITDA at 1.5 billion euros and Net Profit at 0.46 billion euros in 2023 NFP at 3.3 billion euros, NFP/EBITDA ratio down to 2.2x
Target CAPEX enhanced up to 4.0 billion euros
22% increase vs previous Plan with 680 million euros of digital and technological innovation
Growth of expected dividends
Increased expected dividend: 7.75 euro cents per share in 2019, 8.00 in 2020, following years’ minimum growth equal to 5% per annum
Focus on multi-business value maximisation
Further exploitation of value generated inter adjacent businesses thus improving continuously operating excellence
Additional development projects
Significant pipeline of important growth initiatives with potential value creation not included in the Plan, such as possible M&A deals and complex industrial projects
Higher focus on sustainable business
2019-2023 Sustainability Plan approved 670 million euros of CAPEX in circular economy
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Milan, April 3rd, 2019 – The Board of Directors of A2A examined and approved the Group’s 2019-2023 Strategic Plan, which is the evolution of the 2018-2022 Plan, announced last year.
The successful execution of previous strategic Plans targets presented to financial market since 2014 repositioned A2A in the new competitive landscape. We completed our industrial relaunch in key priority areas:
Main industrial trends
A2A Strategic Plan is built within three macro-trends, circular economy, energy transition and smart solutions.
Plan TEC framework
The Plan presented today confirms our three strategic guidelines:
T – Transformation
strengthening and evolving our business model, leveraging the strengths of the four business lines of A2A
E – Excellence
organization agility, operational excellence and process efficiency, decreasing the risk and enhancing inter adjacent businesses
C – Community
attraction and professional development of our people, and enhanced involvement of the external ecosystem for innvoation
The three guidelines are supported by a strong framework, which is Sustainability, the inspiring principle of A2A Group development and evolution.
Contacts
A2A - Media Relations
Giuseppe Mariano
Tel. +39-02 7720.4583
ufficiostampa@a2a.eu
Investor Relations
Tel. +39-02 7720.3974
ir@a2a.eu
Useful resources
Services
A2A S.p.A. - P.I. 11957540153