Ascopiave SpA
DUS:AVA

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Ascopiave SpA
DUS:AVA
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Price: 3.255 EUR -0.15% Market Closed
Market Cap: 705.4m EUR

Ascopiave SpA
Investor Relations

Ascopiave SpA engages in the natural gas distribution sector. The company is headquartered in Pieve Di Soligo, Treviso. The company went IPO on 2006-12-12. The firm is primarily active in the distribution and sale of natural gas. Ascopiave SpA is also involved in the sale of electric power, heat management, co-generation and generation of electricity from photovoltaic plants. The firm holds concessions and direct contracts for the management of gas distribution services and it operated of distribution network. The firm operates through numerous direct subsidiaries, including Ascotrade Spa, Edigas Esercizio Distribuzione Gas SpA, Blue Meta SpA, AscoEnergy Srl, Amgas Blu Srl, Pasubio Servizi Srl, Sinergie Italiane Srl, ASM DG Srl, Edigas Due Srl and Etraenergia Srl, among others. On February 10, 2014, Ascopiave SpA acquired a 49% stake in Veritas Energia Srl; as a result of the transaction the Company holds 100% in Veritas Energia Srl. The firm is also active in the integrated water services.

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Last Earnings Call
Fiscal Period
Q1 2024
Call Date
May 9, 2024
AI Summary
Q1 2024

Revenue Growth: Ascopiave's Q1 2024 revenue rose to EUR 47.4 million, driven by higher gas distribution tariffs and renewable energy sales.

Profitability: EBITDA reached EUR 23.3 million and EBIT EUR 10.9 million, both up year-over-year.

Net Financial Position: Net financial debt stood at EUR 412.2 million, up EUR 22.8 million from year-end, mainly due to investments and working capital.

Investments: The group invested EUR 15.2 million in tangible and intangible assets, focusing on gas networks, renewables, and network upgrades.

EstEnergy Performance: EstEnergy reported Q1 revenues of EUR 377.2 million and EBIT of EUR 16.6 million, with results aligned to budget and improved market conditions.

Guidance & Outlook: Management expects positive results for 2024, with stable margins and continued investment in renewables and gas distribution.

Renewables: Improved electricity production due to favorable rainfall and new wind farm commissioning; renewable energy sales up significantly.

Tax Credits: Management indicates tax credits have already been used and are not expected to impact economic performance.

Key Financials
Revenue
EUR 47.4 million
EBITDA
EUR 23.3 million
EBIT
EUR 10.9 million
Net Financial Position
EUR 412.2 million
Shareholders' Equity
EUR 861.3 million
Employees
493
Gas Distribution Customers
872,800
Gas Distributed
597 million cubic meters
Renewable Electricity Production
48 GWh
Installed Renewable Capacity
84.1 MW
Capital Expenditure
EUR 15.2 million
Gas Distribution Tariff Revenue
EUR 283.8 million
Renewable Energy Sales Revenue
EUR 6.2 million
Net Operating Costs
EUR 16.6 million
Personnel Costs
EUR 5.1 million
EstEnergy Revenue
EUR 377.2 million
EstEnergy EBITDA
EUR 31.5 million
EstEnergy EBIT
EUR 16.6 million
EstEnergy Net Financial Position
EUR 225.1 million (positive cash)
Other Earnings Calls
2024
2023
2022
2021

Management

Dr. Nicola Cecconato
President, Chairman, CEO, GM, COO & MD
No Bio Available
Dr. Riccardo Paggiaro
Chief Financial Officer
No Bio Available
Ms. Irene Rossetto
Information Officer
No Bio Available
Roberto Zava
HR Director & Operational Coordinator of the Crisis Unit
No Bio Available
Mr. Antonio Vendraminelli
Distribution SBU Director & Chief Technology Officer of AP Reti Gas
No Bio Available
Mr. Sandro Piazza
Head of Internal Audit Department
No Bio Available

Contacts

Address
TREVISO
Pieve di Soligo
Via Verizzo, 1030
Contacts
+390438980098.0
www.gruppoascopiave.it