February 20, 2025 10:52 GMT
UTILITIES: A2A (AEMSPA: Baa2/BBB): FY24
UTILITIES
Stable
- EBITDA €2.33bn +18% yoy. Consensus was for €2.27bn
- Investment €2.94bn - €1.51bn organic + €1.43bn M&A (Dureti)
- Net Financial Position/EBITDA 2.5x (up -0.1x)
- Moody's affirmed 18th Feb
- Inaugural Hybrid priced in June - up 4pts since
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