STEP 1-Acea, in new Plan Ebitda to 864 million to 2019, + 20% of … – Reuters Italy

       

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ROME, June 9 (Reuters) – The new Strategic Plan 2015-2019 of Acea, approved today by the board of directors, sees growth in EBITDA to 864 million in 2019 ( + 20% compared to 2014) and suggests a possible additional benefit from the process of consolidation in the industry.

       

‘As it said in a company statement that outlined the main points of the plan that will be presented tomorrow at a conference at 15.30.

       

The main targets to 2019 are summarized in the multi-utility Roman 2.3 billion investment, a net profit of 247 million (from 169 in 2014) and a debt to 2019 amounted to 2.25 billion (2.6 times in EBITDA ratio expected). Acea also provides a 2019 net capital of 4.2 billion.

       

In the area of ​​water management, the plan calls for investments of 1.073 billion (2015 to 2019) and Rab (capital subject to tariff remuneration) for backgrounds and Ato2 Ato5 to 2019 of 1.4 billion increase compared to just over 1 billion in 2013.

       

In the networks have provided 763 million investment over the plan and Rab to 2,019,000,000,000 to 1.5000000000 (on 2013 levels).

       

Investment amounting to 235 million euro in the period of the plan are also planned for the environmental sector, “with the goal of becoming the third national operator in the field of treatment of industrial waste,” says ACEA.

       

Acea assumed a policy of stable and sustainable shareholder remuneration with a payout of between 50% and 60% of consolidated net income before minority interests and a minimum dividend per share of 0.40 euro, the statement said.

       

At 16.40 the title share slightly up 0.32% to EUR 12.45, just below the high for the year of EUR 13.14 reached on June 2. More …