Acea’s growth plans fail to impress the market
- From: Vol 12, Issue 1 (January 2011)
- Category: General
- Region: Europe
- Country: Italy
- Related Companies: Acea and GdF Suez
The Italian multi-utility’s new business plan sets out its growth ambitions over the next three years. Business development will be sidelined in favour of efficiency gains.
Italy’s leading water and wastewater operator Acea plans to grow its EBITDA by 11% per year from €635 million in 2010 to €865 million in 2013, according to the company’s new three-year business plan, released in late December.
The planned growth is significantly below the average 17% the company had previously said it was targeting, and more than ...
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