Market: Milan Symbol: A2A ISIN: IT0001233417 Industry: Utilities

A2A S.p.A. is a Life Company active in the sectors enabling energy transition and circular economy.

As for energy transition, A2A S.p.A. is active in the value chain of electricity and heat (production, distribution and sale), gas (purchase and sale). In particular, the 9.7 GW generation capacity at Group level include thermoelectric plants for 6.7 GW - with an efficient production mix, hydroelectric for around 1.9 GW, photovoltaic and wind for around 0.6 GW, syncronous condensers for 0.5 GW. Retail customers are around 1.9 million in the electricity segment and 1.6 in the gas segment. Moreover, the Group operates in electricity and gas distribution (total RAB equal to 3.1 euro billion). A2A S.p.A. is active also in public lighting and energy efficiency businesses, as well as in the smart city and electric mobility services. In the 2024-2035 period A2A foresees investments for around 22 billion euros in energy transition, towards greater electrification of consumption and greener energy, increasing its renewable generation capacity to 5.7 GW in 2035, increasing its customer base and facilitating the electrification of energy consumption.

As far the circular economy is concerned, A2A S.p.A. is active in the material recovery and energy recovery from waste with 3.6 Mton of urban and industrial waste disposed, producing 2.1 TWh and 1.5 TWh of heat distributed in the district heating network. A2A S.p.A. also operates in the integrated water cycle (70 Mcm of distributed water). In the 2024-2035 period A2A aims at investing around 6 billion euros in circular economy, treating and processing 7.3 Mton of waste in 2035 and reducing water losses.

Share Data
Share Data
01/04/2025
Currency EUR
Change (%) 0.40
Previous Close 2.23 EUR
Volume 6,652,467
Number of shares 3,132,905,277
Market Cap (EUR) 7.00 bn
Key Figures (Millions of euro) 2021 2022 2023
Consolidated Income Statement
Revenues 11,549 23,156 14,758
Gross operating income - EBITDA 1,428 1,498 1,971
Net operating income - EBIT 660 682 1,017
Group result of the period 504 401 659
Consolidated Balance Sheet
Total assets 18,008 21,367 18,798
Total equity 4,303 4,467 4,802
Total liabilities 13,690 16,900 13,996
Consolidated Cash Flow Statement
Cash flow from operating activities 1,135 1,260 1,040
Cash flow from investment activities -1,595 -1,142 -1,365
Cash flow from financing activities 412 1,502 -630
Earnings per Share (Euro)
Basic 0.1639 0.1281 0.2103
Diluted 0.1639 0.1281 0.2103
Ratios 2018 2019 2020 2021 2022
Net Debt / EBITDA (x) 2.5 2.6 2.9 2.9 2.8
Net Debt / Equity (x) 0.9 0.9 0.8 1.0 1.0
EBIT / Net Capital Employed 9.0% 10.1% 7.3% 7.8% 7.9%
EPS (€/share) 0.11% 0.12 0.12 0.16 0.13
Ordinary EPS (€/share) 0.14 0.12 0.11 0.13 0.12
DPS (€/share) 0.070 0.078 0.080 0.0904 0.0904
Ordinary pay-out 49.8% 63.8% 74.0% 70.8% 74.5%
Dividend Yeld 4.6% 4.8% 6.1% 5.4% 6.6%