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Italian utility A2A's profit drops 14%, hit by drought and investments

By Reuters News

Nov 10 (Reuters) - Italian utility A2A A2.MI reported a 14% drop in its nine-month adjusted net profit to €473 million ($531 million) on Tuesday, continuing a steady decline this year affected by investments, higher concession fees and drought effects on hydroelectric power production.

However, CEO Renato Mazzoncini said the diversification of A2A's business activities had allowed it to mitigate negative impacts on individual sectors and pursue a capital spending programme of more than €1 billion, a 9% rise compared with the same period last year.

  • Capital expenditures totalled €1.13 billion in the first nine months of 2026

  • Adjusted revenue was €13.72 billion, while adjusted earnings before interest, taxes, depreciation and amortisation fell 3% to €1.67 billion

  • The company's net financial position was €6.06 billion at the end of September

  • A2A confirmed its 2026 guidance for adjusted EBITDA between €2.21 billion and €2.25 billion

($1 = 0.8908 euros)

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