Operating figures and financial results for the period
Engineering services operating segment
|Operating figures||U.M.||2018||2017||Change||% Change|
|Technical-professional verification||Number of firms||226||74||152||0 %|
|Worksite inspections||Number of inspections||11,270||8,884||2,386||26.9 %|
|Safety Coordination||CSE Number||315||112||203||181.2 %|
|Operating results and financial position (€ million)||31/12/2018||31/12/17||Change||% Change|
|Operating profit/(loss) (EBIT)||15.5||11.5||4.0||34.9 %|
|Average number of personnel||265||319||(54)||(16.9%)|
|Net financial debt||(13.3)||12.3||(25.6)||0 %|
|Gross operating profit (EBITDA) (€ million)||2018||2017||Change||% Change|
|Gross operating profit (EBITDA) Engineering and Services Segment||18.0||14.5||3.5||23.9 %|
|EBITDA GROUP||933.2||840.0||93.3||11.1 %|
|Percentage weight||1.9 %||1.7 %||0.2 p.p.|
Established as a result of the organisational changes in May 2017, the Segment closed 2018 with an EBITDA of € 18.0 million, an increase of € 3.5 million compared to the previous year, mainly attributable to Acea Elabori and due to the growth in services carried out in the engineering and research and innovation sectors carried out mainly for the Water sector.
The Segment includes Ingegnerie Toscane and TWS, which respectively recorded EBITDAs of € 2.3 million, substantially in line with the previous year (+ € 0.5 million) and € 0.7 million, also in line with 2017 (+ € 0.1 million).
The average workforce as at 31 December 2018 stands at 265 units and is down compared to 31 December 2017 (319 units) due to the effects deriving from the Facility Management branch transferred to Acea at the end of last year. This transaction involved the transfer of 55 resources from Acea Elabori to Acea S.p.A.
Investments amounted to € 1.6 million, mainly related to industrial equipment purchased by Acea Elabori.
Net financial debt at 31 December 2018 was positive for € 13.3 million and showed an improvement compared to the end of 2017 of € 25.6 million, attributable to Acea Elabori for € 18.1 million and mainly due to collections for work carried out with the associates Acea Ato2 and Acea Ato5, as well as TWS for € 7.5 million due to collections for works carried out with Publiacqua and Umbriadue.