In 1909 ACEA was known as AEM, Azienda Elettrica Municipale del Comune di Roma (Municipal Electricity Company of the City of Rome) and its purpose was to provide energy for public and private lighting.
As from 1 January 1998, Acea was transformed into a public limited company and on 16 July 1999 it was quoted on the Italian Stock Exchange, placing on the market a 49% share of its corporate equity.
Acea is one of Italy’s leading multi-utilities. It operates in grid and services management and development in the water, energy and environment business segments.
Integrated water service (aqueducts, sewage and purification), distribution and sale of electricity, energy production, especially from renewable sources, public and artistic lighting, waste disposal and exploitation for energy production.
Acea 2.0 is a digitalisation and technology development programme that is taking Acea towards a new production model, to bring further significant improvements in terms of operating efficiency and timely response to change in the Italian utilities industry. Addressing the need to ensure integrity, clarity and quality of data, Acea has chosen SAP solutions (the world leader in utility management systems). The final steps in the programme’s implementation are the launch online of the new MyAcea customer area in the new one-stop www.acea.it website, making it possible to manage water, electricity and gas utilities simply and quickly through a single account, and the new MyAcea app for all mobile devices.
Enhanced quality and efficiency, immediate access to information and prompt intervention. These are the features of the Acea web platform, the final step in the digital transformation and sweeping technological renovation of the Acea 2.0 programme. For the first time, a full array of operations are available at a click of the mouse via the web, from PCs, tablets or smartphones, ranging from subscription to services, requests for urgent repairs, payment of utility bills, own meter readings, to making appointments directly with Acea technicians using a shared agenda. The website has been fully refurbished in graphics and content, and made simple and clear, giving tangible proof that Acea is now Italy’s most digitalised company.
More quality and efficiency. With a single digital platform, contact channels are made simpler and faster for easier online management of utilities. MyAcea is also a new App for all mobile devices. Wherever you are, you can send in your meter reading, enable Bolletta Web (web-based bill), check your consumption and billing, monitor your requests and pay your bills by credit card, even with just a photograph.
Acea is a step ahead in the digital transformation process to improve competitiveness, customer relations and operating efficiency. In particular, the Acea 2.0 Programme means:
- Increased productivity
- Enhanced quality of service
- Greater attention to environmental sustainability
- Greater internal and external control and transparency
- Higher security for its employees
- Improved corporate image
- 2016 results exceeding expectations and corporate guidance
- Solid operating performance
- Corporate efficiency and rationalisation
- Heightened focus on customers
- Strong investment growth
- Progressive dividends policy
Acea is the top water services operator, serving approximately 9 million inhabitants in the Lazio, Tuscany, Umbria and Campania Regions, and one of the main energy market operators, with about 8.3 TWh of electricity sold. It also ranks among the leading operators in electrical energy distribution, with 10 TWh of electricity distributed in Rome, and in the management of public and artistic lighting in the capital city, with more than 217,000 light points. It is the 6th Waste to Energy operator with 820,000 tonnes of waste treated/disposed of.
Acea SpA is listed on the Italian Equities Market, which is organised and managed by the Italian Stock Exchange. Roma Capitale (the City of Rome) is the majority shareholder with 51% of corporate equity. At 31.12.2016, other major stakeholders in the corporate equity, either direct or indirect, comprise the Caltagirone group with 5.0%, Suez with 23.3% and Norges Bank with 1.6%. The rest of the market holds 19.1% of the corporate equity.
The Industrial Plan confirms Acea’s focus on regulated activities, innovation, rationalisation and efficiency of internal processes and optimisation of operating processes. In particular, the corporate rationalisation programme will enable further improvement in quality of service and customer relations. Overall investments worth 2.4 billion euros are envisaged over the plan implementation period, of which about 80% in regulated business segments.
- EBITDA 896.3 million Euros (+22.4% compared to 732.0 million Euros in 2015)
- Pro-forma EBITDA regulatory effects Grids sector: 785 million Euros (+7.2% over 2015)
- EBIT 525.9 million Euros (+36.1% compared to 386.5 million Euros in 2015)
- Net profit 262.3 million Euros (+49.9% compared to 175.0 million Euros in 2015)
- Investments 530.7 million Euros (+23.7% compared to 428.9 million Euros in 2015)
- Net Financial Position/EBITDA at 31 December 2016 2.4x (2.7x pro-forma that compares with 2.7x at 31.12.2015)
The Shareholders’ Meeting will receive a proposal to distribute a 2016 dividend of 0.62 Euros per share (50% payout, determined by the net profit after allocations to third parties), up 24% compared to 2015.