Italy's A2A core profit falls 4% on lower commodity prices, higher fees
14/05/2026 11:28
May 14 (Reuters) - Italian utility A2A A2.MI reported a 4% drop in its first-quarter adjusted core profit to 647 million euros ($757.5 million) on Thursday, hit by lower commodity prices and increased concession fees. The company's generation and trading business was the most impacted, with a 10% year-on-year decline in adjusted earnings before interest, taxes, depreciation and amortisation, the company said. "Green production increased by 14%, consolidating A2A's role in promoting the growth of the country's energy autonomy," CEO Renato Mazzoncini said in a statement. Q1 adjusted net profit fell 11% to 221 million euros Q1 adjusted revenue rose 15% to 4.55 billion euros Q1 capital expenditures rose 4% to 315 million euros Net financial position at the end of March stood at 5.63 billion euros The company still expects 2026 adjusted EBITDA to be in a range of 2.21 billion to 2.25 billion euros ($1 = 0.8541 euros) (Reporting by Philippe Leroy Beaulieu in Gdansk, editing by Milla Nissi-Prussak) ((philippe.leroybeaulieu@thomsonreuters.com))