Italy's Acea sees EBITDA, net profit up 5% yearly in 2024-2028 business plan

Acea SpA

06/03/2024 06:44

March 6 (Reuters) - Italian utility operator Acea
 ACE.MI  on Wednesday said it expects EBITDA and net profit to
grow by 5% each year on average as it unveiled its 2024-2028
business plan.
    Under its "Green Diligent Growth" plan, the company forecast
EBITDA of 1.80 billion euros ($1.95 billion) in 2028, compared
to 1.39 billion last year, mainly through "organic growth and
operating efficiency".
    It also said it expects net profit to total 350 million
euros in 2026 and 375 million in 2028, from 294 million euros in
2023. It plans to invest 7.6 billion euros during this period.
    ACEA said it is targeting a 4% annual growth rate for its
dividend per share, which stood at 0.88 euros in 2023, and a
total return to shareholders of more than 1 billion euros
throughout the plan.

($1 = 0.9212 euros)

 (Reporting by Alberto Chiumento; Editing by Varun H K)
 ((Alberto.chiumento@thomsonreuters.com))