• Excellent economic results, with a net financial position reaching 122 million euros, a strong improvement compared to the 204 million euros in the first quarter of 2024.
• Total consolidated revenues and income at 1.1 billion euros (1.1 billion euros in the same period of 2023).
• Consolidated gross operating margin (EBITDA) of 350million euros. • Consolidated operating result (EBIT) of 314 million euros.
• Consolidated result for the year of 167 million euros.
• Investments of 92 million, showing strong growth.
Rovereto, 8 August 2024 – The Board of Directors, chaired by Silvia Arlanch, today approved the results for the first six months of 2024.
“We are extremely satisfied with the excellent results achieved", commented Stefano Granella, CEO of the Group. "The robust financial soundness of the Group allows us not only to face future challenges with confidence and to seize important opportunities for expansion, but it represents the engine that allows us to accelerate our growth path while maintaining a sustainable approach in the long term”.
In the first 6 months of 2024, the gross operating margin (EBITDA) grew to 350 million euros. All businesses improved their performance and in particular commercial activities recorded excellent results as well as hydroelectric production, which reached 2,476 GWh compared to 1,036 GWh in the first half of 2023.
The positive results of these first six months and a rigorous financial policy adopted by the Group led to a significant improvement in the net financial position, which went from 268 million at the end of 2023 to 122 million in the first half of 2024, allowing the Group to consolidate a financial soundness able to accelerate its growth path.
Investments for 92 million euros, up
In particular, investments focused on upgrading the electricity, gas and water distribution networks in order to ensure better performance levels and, above all, to make them increasingly resilient and able to guarantee the continuity and safety of the service even in the presence of extreme meteorological events, as well as make the service accessible, in particular as regards the gas distribution managed by Novareti, to areas not yet covered at present. The investment in digitalisation and in IT systems was also important in enhancing and improving the Group's operating capacity and customer services.
In line with the sustainable development objectives, the Dolomiti Energia Group has acquired 100% of the share capital of New Power Group and Powertwo, companies established to develop eight solar energy production plants. They are in the advanced authorisation phase and located in northern Italy with an expected installed power of approximately 58 MWp.