Discover the Acea Group online 2019 Consolidated Report
Operating figures, equity and financial results for the year
| Operating data | U.M. | 31/12/2019 | 31/12/2018 | Change | % Change |
| Technical-professional verification | Number of firms | 349 | 226 | 123 | 54.4% |
| Worksite inspections | Number of inspections | 12,481 | 11,270 | 1,211 | 10.7% |
| Safety Coordination | CSE Number | 225 | 211 | 14 | 6.6% |
| Equity and financial results(€ million) | 31/12/2019 | 31/12/2018 | Change | % Change |
| Revenues | 79.0 | 74.1 | 4.9 | 6.6% |
| Costs | 66.0 | 56.1 | 9.9 | 17.7% |
| EBITDA | 13.0 | 18.0 | (5.1) | (28.1)% |
| Operating profit/(loss) (EBIT) | 10.5 | 15.5 | (5.0) | (32.1)% |
| Average headcount | 281 | 265 | 15 | 5.8% |
| Capex | 1.8 | 1.6 | 0.2 | 13.6% |
| Net financial debt | 6.7 | (13.3) | 20.0 | (150.6)% |
| EBITDA(€ million) | 31/12/2019 | 31/12/2018 | Change | % Change |
| EBITDA - Engineering and Services Segment | 13.0 | 18.0 | (5.1) | (28.1)% |
| EBITDA - Group | 1,042.3 | 933.2 | 109.1 | 11.7% |
| Percentage weight | 1.2% | 1.9% | (0.7 p.p.) |
The Segment closed 2019 with EBITDA of € 13.0 million, a decrease of € 5.0 million compared with the previous year, mainly attributable to Acea Elabori (- € 5.8 million) as a result of the increase in service costs as well as the transfer of part of the business to ACE Ato 2, which took place during the first half of 2019, partly offset by Ingegnerie Toscane (+ 0.7 million). The Segment also includes the company TWS which recorded an EBITDA of € 0.6 million, in line with the previous year.
The first application of IFRS 16 resulted in a benefit to EBITDA in terms of lower rentals for € 0.5 million.
The average workforce as at 31 December 2019 stood at 281 employees, an increase of 15 compared to 31 December 2018 attributable to Acea Elabori (+ 27 employees) partly offset by TWS (- 11 employees).
Investments amounted to € 1.8 million and mainly refer to the purchase of equipment for the Grottarossa laboratory by Acea Elabori and investments in IT systems.
Net financial indebtedness as at 31 December 2019 was € 6.7 million, a worsening of € 20.0 million compared to 31 December 2018, mainly due to Acea Elabori. The change is essentially due to the dynamics of operating cash flow. The first application of IFRS 16 contributed to the increase of financial debt by € 1.0 million.