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 |
| WTE conferment | kTon | 437 | 466 | (29) | (6.2)% |
| Net Electrical Energy transferred | GWh | 327 | 355 | (28) | (7.9)% |
| Waste coming into Orvieto plants | kTon | 100 | 89 | 11 | 12.1% |
| Waste Recovered/Disposed of | kTon | 682 | 565 | 116 | 20.6% |
| of which | |||||
| Incoming waste composting plants, sludge and liquids disposed of | kt | 577 | 480 | 98 | 20.3% |
| Slag and Ash produced by WTE | kt | 73 | 86 | (13) | (14.6)% |
| Sorting plant incoming waste (Demap) | kt | 31 | 0 | 31 | n.s. |
| Equity and financial results(€ million) | 31/12/2019 | 31/12/2018 | Change | % Change |
| Revenues | 182.9 | 173.9 | 9.0 | 5.2% |
| Costs | 130.9 | 108.3 | 22.6 | 20.9% |
| EBITDA | 52.0 | 65.6 | (13.6) | (20.8)% |
| Operating profit/(loss) (EBIT) | 21.1 | 38.4 | (17.4) | (45.2)% |
| Average headcount | 389 | 360 | 29 | 8.1% |
| Capex | 51.9 | 20.0 | 31.9 | 159.6% |
| Net financial debt | 256.5 | 203.6 | 52.9 | 26.0% |
| EBITDA(€ million) | 31/12/2019 | 31/12/2018 | Change | % Change |
| EBITDA - Environment Segment | 52.0 | 65.6 | (13.6) | (20.8)% |
| EBITDA - Group | 1,042.3 | 933.2 | 109.1 | 11.7% |
| Percentage weight | 5.0% | 7.0% | (2.0 p.p.) |
The Segment closed the financial year 2019 with an EBITDA of € 52.0 million (- 20.8%). This result is mainly attributable to Acea Ambiente (- € 17.6 million) due mainly to lower revenues from CIP 6 tariffs which, although extended until 31 July 2019, produced a reduction of € 16.7 million and other residual effects such as lower revenues from electricity sold and contributions related to the San Vittore plant in Lazio because of a prolonged plant shutdown and higher costs for tariff increases on Co2. The EBITDA of the Segment also increased due to the change in the scope of consolidation as a result of the first-time consolidation of the company Demap (+ € 1.8 million) and Berg (+ € 0.5), partially offset by Bioecologia (- € 0.2 million). Finally, the first application of IFRS 16 resulted in a benefit to EBITDA in terms of lower costs for leases and rentals for € 1.0 million.
The average number of staff as at 31 December 2019 was 389, 29 more than the previous year. The growth is mainly due to the consolidation of Berg (+ 4 units) and Demap (+ 7 units), as well as to the increases recorded by Bioecologia (+ 9 units) and Acea Ambiente (+ 8 units).
Investments in the area amounted to € 51.9 million, up by € 31.9 compared to the previous year, and mainly refer to (i) revamping at the Monterotondo Marittimo plant; the inauguration of the expansion of the plant for the treatment of composting waste and anaerobic digestion took place on 10 October;; (ii) works carried out at the WTE plants in Terni and San Vittore; (iii) works to extend the landfill located in Orvieto.
The financial indebtedness of the Segment stood at € 256.5 million, a decrease of € 52.9 million compared to the previous year. This trend is essentially due to the lower cash-in from CIP 6 and the pay-out related to the acquisition of equity investments during the year. The first application of IFRS 16, on the other hand, increased the financial debt by € 4.7 million. The change in the scope of consolidation net of the application of IFRS 16 contributed positively for € 0.7 million.