Domenica, 21 Ottobre 2018
MILAN

A2a profit gains 48% in first 9 months, plans to slash debt

English
© ANSA

Milan, November 8 - A2A, Italy's biggest municipal
utility by market value, said profit in the first nine months of
the year gained 48% to 169 million euros.
Ebitda, or earnings before interest taxation depreciation
or amortization, gained 20% to 776 million euros, as sales
gained to 4.9 billion euros.
Net consolidated debt rose to 4.58 billion euros, whilst it
fell to 3.5 billion euros excluding the deconsolidation
Edipower.
The company's board approved A2A's new business plan, which
aims to cut debt to 1.4 billion euros by 2015.
The company's stock gained 4% to 0.39 euros after the
results were released.

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