Summary of Results
| Income Statement Data (€ million) | 2018 | 2017 | Change | % Change |
| Consolidated revenues | 3,028.5 | 2,797.0 | 231.5 | 8.3% |
| Consolidated operating costs | 2,138.6 | 1,983.9 | 154.7 | 7.8 % |
| Income/(Costs) from equity investments of a non-financial nature | 43.3 | 26.9 | 16.5 | 61.3 % |
| - of which: EBITDA | 143.4 | 149.6 | (6.1) | (4.1%) |
| - of which: Amortisation, depreciation, impairment charges and provisions | (79.8) | (100.9) | 21.1 | (20.9 %) |
| - of which: Financing activities | (5.9) | (6.8) | 0.9 | (13.2 %) |
| - of which: Taxes | (17.4) | (15.1) | (2.4) | 15.6 % |
| EBITDA | 933.2 | 840.0 | 93.3 | 11.1 % |
| EBIT | 478.6 | 359.9 | 118.7 | 33.0 % |
| Net profit/(loss) | 284.7 | 192.2 | 92.5 | 48.1 % |
| Profit/(loss) attributable to minority interests | 13.7 | 11.5 | 2.2 | 18.9 % |
| Net profit/(loss) attributable to the Group | 271.0 | 180.7 | 90.3 | 50.0 % |
| EBITDA per operating segment (€ million) | 2018 | 2017 | Change | % Change |
| ENVIRONMENT | 65.6 | 64.5 | 1.1 | 1.8 % |
| COMMERCIAL AND TRADING | 76.1 | 77.6 | (1.5) | (1.9%) |
| OVERSEAS | 14.8 | 14.4 | 0.4 | 2.6 % |
| WATER | 433.0 | 349.6 | 83.3 | 23.8 % |
| Integrated water service | 432.0 | 349.2 | 82.8 | 23.7 % |
| Lazio - Campania | 396.3 | 327.6 | 68.6 | 21.0 % |
| Tuscany - Umbria | 35.7 | 21.5 | 14.2 | 65.8 % |
| Others | 1.0 | 0.5 | 0.5 | 111.2 % |
| ENERGY INFRASTRUCTURES | 360.7 | 333.1 | 27.6 | 8.3% |
| Distribution | 317.1 | 287.3 | 29.8 | 10.4 % |
| Generation | 49.0 | 41.3 | 7.7 | 18.6 % |
| Public Lighting | (5.4) | 4.4 | (9.8) | n.s. |
| ENGINEERING AND SERVICES | 18.0 | 14.5 | 3.5 | 23.9 % |
| Acea (Corporate) | (34.9) | (13.7) | (21.2) | 155.1 % |
| Total EBITDA | 933.2 | 840.0 | 93.3 | 11.1 % |
| Consolidated balance sheet data (€ million) | 31/12/18 | 31/12/17 | Change | % Change |
| Net Invested Capital | 4,471.5 | 4,232.7 | 238.8 | 5.6 % |
| Net Debt | (2,568.0) | (2,421.5) | (146.5) | 6.0 % |
| Consolidated Shareholders’ Equity | (1,903.5) | (1,811.2) | (92.3) | 5.1 % |
| Net debt per Operating Segment (€ million) | 31/12/2018 | 31/12/17 | Change | % Change |
| ENVIRONMENT | 203.6 | 195.3 | 8.3 | 4.2 % |
| COMMERCIAL AND TRADING | (23.7) | (8.7) | (15.1) | 173.8 % |
| OVERSEAS | 4.1 | 7.4 | (3.2) | (43.9%) |
| WATER | 1,039.0 | 921.2 | 117.8 | 12.8 % |
| Integrated water service | 1,048.4 | 930.1 | 118.3 | 12.7 % |
| Lazio - Campania | 1,058.7 | 939.3 | 119.4 | 12.7 % |
| Tuscany - Umbria | (10.3) | (9.2) | (1.1) | 11.9 % |
| Others | (9.3) | (8.9) | (0.5) | 5.2 % |
| ENERGY INFRASTRUCTURES | 1,121.9 | 1,036.6 | 85.2 | 8.2 % |
| Distribution | 1,010.3 | 905.4 | 104.9 | 11.6 % |
| Generation | 112.4 | 125.5 | (13.1) | (10.4%) |
| Public Lighting | (0.8) | 5.8 | (6.6) | (113.6%) |
| ENGINEERING AND SERVICES | (13.3) | 12.3 | (25.6) | n.s. |
| Acea (Corporate) | 236.4 | 257.3 | (20.9) | (8.1%) |
| TOTAL | 2,568.0 | 2,421.5 | 146.5 | 6.1 % |
| Investments per operating segment (€ million) | 31/12/2018 | 31/12/17 | Change | % Change |
| ENVIRONMENT | 20.1 | 15.4 | 4.8 | 31.1 % |
| COMMERCIAL AND TRADING | 24.6 | 19.4 | 5.3 | 27.2 % |
| OVERSEAS | 6.6 | 5.2 | 1.4 | 27.1 % |
| WATER | 329.7 | 271.4 | 58.2 | 21.5 % |
| Integrated water service | 329.5 | 271.4 | 58.1 | 21.4 % |
| Lazio - Campania | 329.5 | 271.4 | 58.1 | 21.4 % |
| Tuscany - Umbria | 0.0 | 0.0 | 0.0 | 0 % |
| Others | 0.2 | 0.0 | 0.2 | n.s. |
| ENERGY INFRASTRUCTURES | 238.3 | 209.4 | 28.9 | 13.8 % |
| Distribution | 218.4 | 185.7 | 32.7 | 17.6 % |
| Generation | 15.5 | 23.1 | (7.6) | (32.9%) |
| Public Lighting | 4.4 | 0.6 | 3.8 | n.s. |
| ENGINEERING AND SERVICES | 1.6 | 0.8 | 0.7 | 90.5 % |
| Acea (Corporate) | 10.0 | 10.7 | (0.6) | (5.9%) |
| TOTAL | 631.0 | 532.3 | 98.7 | 18.6 % |