Readjustment of the strategic priorities
After the brilliant results of the two-year period 2015-2016, acceleration in networks, environment and customers; conventional generation towards transformation
Significant increase in investments
2.75 billion euros in five years (+500 million euros compared to the 2016-2020 plan). Almost 80% in networks and environment
Further improvement in economic-financial results
EBITDA at 1.38 billion euros and Net Profit at 0.47 billion euros in 2021 NFP down by over 0.6 billion euros to 2.5 billion euros
Increase in dividends confirmed
2019 Target: 7.5 euro cents per share
External growth and new potential efficiencies not in the plan
In line with previous Plans, the Plan, cautiously, does not incorporate various external growth and further cost efficiency initiatives
4 pillars of sustainability confirmed
Renewal of the commitment to Circular Economy, Decarbonization, Smart Grid and Services and People Innovation – with the breakdown of the 2030 Sustainability objectives, together with actions and results that can be achieved in the Plan period.
Milan, 3 April 2017 – At today’s meeting of the Board of Directors of A2A the Board examined and approved the 2017-2021 Strategic Plan of the Group.
The 2017-2021 Strategic Plan confirms the strategic path taken in 2015 aimed at transforming A2A into a modern multi-utility company, essential to meet the needs of the local communities served, and a leader in the green economy, smart networks and new forms of managing energy services.
The new Plan, confirming or improving all the business objectives already defined in the past, defines the new strategic priority “R1” from the restructuring of the thermoelectric sector (whose operating activities were largely carried out in the two-year period just ended) to the “relaunch” of the environment, networks and energy services areas through a further acceleration in investments dedicated to them.
The implementation of the new Plan will help to significantly redefine the portfolio of industrial assets allowing A2A to more effectively seize the growing opportunities in the market and to propose some projects on an industrial scale, which have already been launched in the test phase in the fields of innovation, digitisation and energy efficiency.
Download full text of the press release with data and tables.